Trade Restrictions in Germany

There are several German companies, which derive more than one-third of the revenues from the foreign trade. This is one of the chief reasons why Germany is dedicated to reduce the trade restrictions in Germany that involves tariffs and the non-tariff barriers, the access to public works projects and improving the transparency of its foreign markets.

The trade restrictions in Germany started with the Danish National Bank's Foreign Currency Department, according to which the Danish goods are commanded to put all the payments for the various export sales to the disposal of the National Bank. All the importers of the foreign goods must also apply in advance to Foreign Currency Department for the import permits before they enter their foreign goods into Denmark. Germany at that juncture took a strong decision in the trade restrictions in Germany. The import duty on the Danish butter was doubled by the German Government, which highly endangered the Danish butter import.

Lately, United States is the country's second-largest trading partner right after France. In 2000, the two-way trade in goods equaled to $88 billion with the US imports to Germany being $29.2 billion. The main exports to USA from Germany include motor vehicles, chemicals, machinery and heavy electrical equipment. In spite of the Trade Restrictions Germany, imports from the USA include aircraft, telecommunications, electrical and data processing equipments, motor vehicles and its parts.