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Hessen after Brexit: The new gateway to the EU for China? @HTAI



Foto: Pixabay
Foto: Pixabay

Wiesbaden/Frankfurt. Chinese direct investment in Hessen has been increasing for years. 163 international companies came to Hessen for the first time or expanded existing facilities there in 2016 – with China leading the statistics for the first time with 44 relocations. The People’s Republic of China has been an important trade partner for Germany and Hessen for many years. Following the decision by the United Kingdom to leave the European Union, companies that are already located in the EU must re-orientate themselves in order to profit from the advantages of the European Single Market. Experts will discuss the challenges that Brexit could present for Chinese companies on October 16, 2017 in Frankfurt.

 

Some of the speakers at the "Brexit China Community Event 2017", hosted by Hessen Trade & Invest GmbH (HTAI) in the atrium of the Frankfurt Chamber of Commerce (IHK) from 2.30 pm onwards, will be: Wang Weidong (Minister Counsellor of the Embassy of the People’s Republic of China in Berlin), Gao Dingxin (Chief Representative of the People’s Bank of China), Bernd Meist (Managing Director of Bank of China Ltd.) and Duan Wie (Managing Director of the Chinese Chamber of Commerce in Germany ‘Chinesische Handelskammer Deutschland e.V’.).

 

Germany as a primary location

 

Up to now London has been China’s gateway to the EU. Numerous Chinese companies have used the English market as their entry point into the European market to date. Great Britain held the leading position for foreign direct investment for a long time. Many international companies are considering Germany, the largest national economy in the EU, as the primary location for European activity of the People’s Republic of China after Brexit. "Hessen represents a good opportunity to gain a foothold in Europe because of its excellent infrastructure", says Dr. Rainer Waldschmidt, CEO of Hessen Trade & Invest GmbH. "This is why we are now working more intensively to attract foreign companies to Hesse who have located their European headquarters in Great Britain up to now."

 

Support for further development towards Europe 

 

As part of the network for economic promotion in Hessen, the economic development organisation Hessen Trade & Invest (HTAI), headquartered in the Hessian state capital of Wiesbaden, supports international investors prior to and during the establishment of their company as well as in the course of its further development at the business hub in Hessen. "We also offer advice and comprehensive help for the further development into Europe that is important for international companies", explains Stefan Augustin (Head of the Department for International Affairs at HTAI). Experts from the Europe Consultants EEN are available for this purpose. "The number of new settlements shows that investors from the People’s Republic of China have developed a liking for Hessen". Investors appreciate its vicinity to Frankfurt Airport and its central location in Europe.“ This is particularly important if the company is looking to open its first location in Europe. International companies are now charged with creating a new strategy”, says Augustin. "Hessen is offering Chinese companies the opportunity to use it as their new gateway to Europe".

 

The event is supported by the Chamber of Commerce (IHK) in Frankfurt, Chinese Chamber of Commerce Germany, FrankfurtRheinMain GmbH and the China Council for the Promotion of International Trade (CCPIT).

 

You can find the complete programme and register for free at:
www.invest-in-hessen.com/brexit-china

 

For more information on Brexit and Hessen see: www.brexit-hessen.de

 

 

 

Hessen Trade & Invest GmbH (HTAI) is the economic development organisation of the State of Hessen. Its central task is ensuring and increasing the competitiveness of Hessen as an economic and technology location. HTAI offers a unique strategic combination of location marketing, foreign trade, investor support, the promotion of technology and innovation and advice on EU funding. It is a central contact point for companies and for scientific, political and social institutions. www.htai.de

 

 

 

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Contact:

 

Thorsten Schulte, CCO
HA Hessen Agentur GmbH, Konradinerallee 9, 65189 Wiesbaden
Tel.: +49 611 95017 8114,
thorsten.schulte@hessen-agentur.de

 

Andreas Damrau, Senior Manager Investor Services
Hessen Trade & Invest GmbH, Konradinerallee 9, 65189 Wiesbaden
Tel.: +49 61195017 8346,
andreas.damrau@htai.de