Oklahoma firms have many opportunities in Germany
In another fantastic globaltrade.net round up, potential for partnerships with Germany and Oklahoma-based firms are great.
According to a recent release from the Federation of International Trade Professionals, “The United States are the second biggest destination for German goods after the European Union and the United States are the fourth largest supplier of Germany. The U.S.-German Treaty of Friendship, Commerce and Navigation guarantees investors in Germany national treatment and allows the free movement of capital between the United States and Germany. Taxation of US firms within Germany is regulated by a protocol on the avoidance of double taxation.
“According to U.S. Census data, trade in goods between the United States and Germany totaled $163.5 billion in 2016.”
For Oklahoma-based firms, producers and manufacturers, there are great commercial opportunities in health, food, agricultural machinery and bio-tech sectors.
In Oklahoma, a great asset is our honorary consular corps, with Germany’s Honorary Consul, Jeremy Tubb a great resource for those wanting to connect with Germany.