Perfect platform: enhancing German economic relationships

By Susanne Gellert
AHK New York

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The German American Chamber of Commerce, Inc. in New York (AHK USA – New York), along with the German Chambers of Commerce (AHKs) in Atlanta, Chicago (with branch offices in San Francisco, Houston and Detroit), Toronto, Tokyo, Abu Dhabi, Dubai and Sao Paulo, are pleased to support the Business Law Magazine as a cooperation partner. Written with real-world legal practice in mind, the Business Law Magazine and its articles will enable our member companies, as well as other foreign companies and lawyers, to gain insights into and an understanding of important questions related to German corporate, commercial, tax, labor, compliance and IP/IT law. This publication will be an important element in helping to improve business relations between Germany and other countries.

The German Chambers of Commerce: what we do …

AHKs have existed for more than 100 years. Together with Germany’s missions (embassies and consulates) abroad, the AHKs officially represent the interests of German industry and commerce to political and administration authorities in their host countries. The AHKs are located in all countries of particular interest for German industry and commerce. There are currently 125 AHK locations in 85 countries worldwide promoting the development of bilateral economic relations. On five continents, the AHKs have built networks comprising more than 44,000 German and local member companies. Through the support of its members, the AHKs play a strong role in effective representation of interests both in the respective host countries and in Germany. In addition, the AHKs are well established in business, administration and politics—both in Germany and abroad. The AHKs have always fulfilled their role in successfully representing, promoting and developing the interests of German business at the same time as the respective bilateral economic interests. Fostering economic ties between Germany and international trade partners is an important task, since Germany is very intertwined with the global economy and dependent on its development. More than every fourth euro generated in Germany stems from the export of goods and services, and more than every fifth job depends on foreign trade.

… and how we do it: a modern service provider

Over the years, the AHKs have established themselves as modern service providers and reliable partners in German and international business inquiries. Under the service brand DEinternational, the AHKs provide a full range of businesssupport services to German and local companies in the host countries. The AHKs’ service portfolio ranges from market information to customized market-entry consulting and preparing corresponding strategies. The AHKs answer inquiries pertaining to special economic information and compile market studies, arrange business contacts, support business travelers, train skilled personnel and executive managers, find foreign exhibitors and visitors for Germany as a trade fair location and organize business meetings, conventions and seminars. Some AHKs also offer legal services. They support companies with incorporation abroad, offer collection services and advise companies on legal, tax and customs issues. Thanks to German foreign trade policy as well as the activities and services provided by the AHKs, Germany is one of the world’s foremost economic powers and ranks as one of the top investment locations in Europe. Along with its economic stability, Germany is the largest domestic market in the EU, creating an attractive and stable customer base for investors. German products enjoy an excellent reputation around the world , with “Made in Germany” being an internationally recognized seal of quality.

Law – Made in Germany

German law significantly contributes to this success: It is very efficient, cost-effective and predictable—to name just a few good reasons for choosing Germany as an investment location. That is one reason why, in addition to supporting German and local companies by providing a broad range of services for the past 67 years, AHK USA – New York has also been promoting—together with the Association of the German Chambers of Industry and Commerce (DIHK)—the initiative “Law – Made in Germany” for the past several years. The DIHK supervises and coordinates the German Chamber Network abroad and is the central organization for 80 chambers of industry and commerce in Germany. In this capacity, the DIHK speaks for more than three million entrepreneurs globally. We are convinced that the Business Law Magazine will provide a perfect platform to promote the German economy and the outstanding German legal system. Moreover, it will contribute greatly to enhancing the German economic relationships with our most important trade partners.

sgellert@gaccny.com