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Fresh cell treatment for the industrial location: VDMA calls for reforms in economic policy positions in 2024
According to a report from www.computer-automation.de, the Association of German Mechanical and Plant Manufacturers (VDMA) has listed twelve most important fields of action for securing the locations of Germany and Europe in its “Economic Policy Positions 2024”. This includes, among other things, the demand for a revitalization of the industrial location, the reform of the tax system, the flexibilization of the labor market, the expansion of the infrastructure and the promotion of more free trade. There is also talk of technological measures against climate change and of open markets as a key role for economic success. As a financial expert, I am now analyzing the potential impacts that could arise from these areas of action. The reform of the tax system and…
Fresh cell treatment for the industrial location: VDMA calls for reforms in economic policy positions in 2024
According to a report by www.computer-automation.de,
In its “Economic Policy Positions 2024”, the Association of German Mechanical and Plant Manufacturers (VDMA) has listed twelve most important fields of action for securing locations in Germany and Europe. This includes, among other things, the demand for a revitalization of the industrial location, the reform of the tax system, the flexibilization of the labor market, the expansion of the infrastructure and the promotion of more free trade. There is also talk of technological measures against climate change and of open markets as a key role for economic success.
As a financial expert, I am now analyzing the potential impacts that could arise from these areas of action. Reforming the tax system and making the labor market more flexible could have a positive impact on industrial competitiveness by helping companies find skilled workers, as well as enabling more flexible employment opportunities and easier recruitment of foreign skilled workers.
The expansion of the infrastructure could lead to an increase in productivity and further strengthen the export orientation of the industry. In addition, technological measures against climate change could promote the development of innovative products and processes, which could contribute to climate neutrality in the long term.
Open markets are of great importance for the export-oriented sector of mechanical and plant engineering. Ratifying existing free trade agreements and concluding new agreements could create new business opportunities for companies and further promote economic success. In addition, politicians in Europe should ensure reliable, harmonized regulations with strong market surveillance in order to support small and medium-sized businesses.
Overall, the VDMA's proposed measures could help strengthen the competitiveness of German and European industry and secure the basis for long-term prosperity.
Read the source article at www.computer-automation.de