German Companies Apply For Proof Of Origin Of Goods To Avoid Punitive Tariffs.

In the face of the Sino US trade war, the number of German companies applying for the so-called certificate of origin certificate has reached a new high. The German Chamber of Commerce and industry (DIHK) explains that this enables the company to prove that the goods delivered from Germany to the United States are from Germany or another third country rather than the mainland of China.

According to the Die Welt, citing the 2019 foreign trade report of the German Chamber of Commerce and industry (DIHK-Au enwirtschaftsreport 2019), the number of certificates of origin increased to 1 million 430 thousand in 2018. DIHK director Eric Schweitzer said that the demand for certificates of origin had reached a new high and became a counter duty pill to prevent potential punitive tariffs, which were issued by the chamber of Commerce and industry.

DIHK also said that the trend to (2018) will continue to this (2019) year. The certificate of origin certificate will also apply to the delivery of goods from Germany to mainland China, proving that goods are not produced in the United States but in Germany or in other third countries.

The chairman of the S believes that trade conflicts between China and the United States have dealt a severe blow to the German economy. Unprecedented financial and bureaucracy led to increasingly difficult global business for German enterprises. There will be no growth in exports in 2019. Compared with the weak last year, the export volume may even be reduced by more than 30 billion euros.

In addition, the UK's devaluation of Europe has also made Britain's German enterprises increasingly worried. S director also warned that if Britain had no agreement to leave Europe, customs relations with Britain would be changed overnight.

According to statistics, the trade volume between Britain and Germany reached 59 billion euros in the first half of 2019, ranking seventh, after Poland. Although exports to Britain in the first quarter of this year increased by 6% over the same period last year, the second quarter fell by 15%.