Economy & Politics

That is why the agreement is so important to the auto industry

The United Kingdom was the world’s largest export market for German automakers in 2019. New cars from the BMW Group are ready for shipping in Bremerhaven. Photo: dpa / Ingo Wagner

The EU and Great Britain settled their future trade relations with a last-minute agreement. The agreements are particularly important for the German auto industry.

Stuttgart – The German auto industry has been following the tough negotiations between the EU and Great Britain on future trade relations with particular attention. For companies, a lot depends on an agreement. The President of the Association of the Automotive Industry (VDA), Hildegard Müller, is relieved that an agreement has come about: “With the result that has become known, the risk of a ‘no deal’ has been eliminated, and the companies can finally get on with the implementation of a free trade agreement. “

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