Despite the recession, the United States remains the largest economy worldwide, and continues to show signs of an impending economic upturn. Germany Trade and Invest (GTAI) is predicting the US economy to grow by 3.1 percent in 2010.
The American market presents German companies exceptional opportunities to successfully expand and position their businesses abroad. The US’s automotive sector is one of its most significant industries, at the center of which are the Midwestern and the Southeastern states. The German American Chambers of Commerce (GACC) assume an important role in the market entry of German companies by facilitating networking opportunities to assist German investors and exporters in finding the right contacts, introducing them to potential American customers to further negotiations and assisting them develop their activities in the US market strategically to ensure their company’s success and longevity. Additionally, contact to research institutes and associations has an especially critical function when entering the US market.
Interested companies can get in touch with the German American Chambers of Commerce at American-Canadian Automobile Congress, as well as at the International Suppliers Fair (IZB) for an initial meeting. In collaboration with GTAI, the GACC will host a booth at both events. Kristian Wolf, CEO and President of the GACC South, will present “Opportunities in the US Market for German Companies” at the congress.