International Blog

Views on developments in the international business
Europe Needs a Common Industrial Policy

Europe Needs a Common Industrial Policy

After days of negotiations, the European (EU) head of government has agreed on the new multi-year budget and a recovery fund of EUR 750 billion in response to the COVID-19 (coronavirus) crisis. To maintain its power as a bloc between the USA and China, Europe needs a joint industrial policy. On March 10, the European Commission presented a new industry strategy as a solution. Within this strategy, the Commission publishes a number of initiatives to support the transition to a green and digital economy — a new industry strategy for a globally competitive, green and digital European region. One of its key priorities is to achieve climate neutrality by 2050 and commit to preserving European companies’ competitiveness for the sake of preserving the EU’s global competitiveness. The Explanatory Memorandum to the Strategy states that the single market provides EU companies with a large domestic market, stimulating trade and competition while increasing efficiency. Better integration and functioning of that market can provide additional growth in many areas, such as in industrial goods where an additional growth of EUR 183 to 269 billion per year is possible and in services where an additional EUR 338 billion per year can be realized. These amount to an increase in EU GDP of about 12 percent.

Global Shift after COVID-19 (coronavirus)

Global Shift after COVID-19 (coronavirus)

Does the COVID-19 (coronavirus) crisis mean the end of globalization? Have we become too vulnerable and dependent? And what awaits us? These are questions that also concerns me as CEO of the World Trade Center Twente – The Netherlands.
I do not believe that we are heading for a deglobalization, because our chains worldwide are too strongly connected for that. And in the Netherlands, we are too dependent on international trade. However, this crisis means that we will see international business and cooperation amongst partners interact differently. It creates a global shift.

WTC Clubmember Boessenkool signs 10 year agreement during State visit to Indonesia

WTC Clubmember Boessenkool signs 10 year agreement during State visit to Indonesia

WTC Clubmember Boessenkool signed a minimum 10 year exclusive co-operation agreement with P.T. Mega Guna Ganda Semesta from Jakarta during the State visit to Indonesia. The contract involves the delivery of MSW (Municipal Solid Waste) Processing Equipment, turning MSW into a Char, which will reduce the Indonesian Carbon Footprint drastically. Further the ckmpanies will in JV setup an equipment manufacturing company, creating hundreds of jobs and setting up multiple MSW processing sites across Indonesia.

MedFIT 2020 Grenoble

MedFIT 2020 Grenoble

During the MedFit on 30 June and 1 July 2020 in Grenoble, the World Trade Center Twente is organizing a joint pavilion within the framework of the GO4Export program of the provinces of Overijssel and Gelderland, especially for companies from the east of the...

8-15-16 November 2018 Business German for Entrepreneurs

8-15-16 November 2018 Business German for Entrepreneurs

Is the communication with your German business partners a bit stiff, because you do not have enough knowledge of the German language? Or are there misunderstandings because you know too little about German culture and the way you do business? Our German neighbors...

World Trade Day!

World Trade Day!

Interesting workshops, info-points, international guest speakers, customized advice and matchmaking sessions with 15 embassies one afternoon! Welcome to our global network. Following the International Business Forum 2016 and to ensure that the official opening of our...

Minimumloon in Duitsland

Minimumloon in Duitsland

Door: Freerk Faber (WTC Twente) en Marielle Kisfeld MB RB (KroeseWevers Accountants en Belastingadviseurs) Regelmatig krijgen we als WTC Twente vragen over nieuwe wetten en regelingen in het buitenland. Gezamenlijk met onze partners in binnen- en buitenland geven wij...