Tapping Business Opportunities in Largest Economy in Europe with Germany Tenders
In terms of exchange rate terms, Germany stands third among the world economies while in terms of purchasing power parity it is the largest in Europe. Germany tenders therefore open up numerous opportunities for businessmen across the world.
Economic Scenario in Germany
German economy is largely export oriented and exports account for around 1/3rd of the national output. Germany tenders open up opportunities for entrepreneurs in the macroeconomic expansion of the country. Increasing dependence of Germany on European Union and single market legislation and use of Euro as the currency for trade also makes Germany tenders easier to bid for in comparison to many other country tenders. Monetary policy of Germany is set at the Central Bank, Frankfurt. Domestic market in Germany however does not offer many opportunities since it has a weak domestic market.
Germany Tenders in Export Market
Majority of Germany tenders in the export market relates to –
- Exports to United States and Canada.
- Exports to Eastern European countries and those who have joined the European Union.
- Exports to non-European Union countries like Switzerland, Iceland, Norway, and Liechtenstein.
- Exports to Japan.
- Exports to People’s Republic of China, the largest trade partner of Germany in East Asia; and India.
Since the Germany tenders on exports are based on reducing trade restrictions with or without tariffs or non tariff barriers as well as transparency in the foreign markets including access to all the public works projects, such Germany tenders offer excellent opportunities for overseas businessmen.
Germany Tenders by Categories
An open economy that is market controlled and export oriented, several scopes are offered by Germany tenders for businessmen all over the world. While export industry is the largest provider of Germany tenders, such tenders are also available in fields of software, sewage, construction, fabrications, pharmaceuticals, office equipments, and automobiles.
Germany Tenders in Product Categories
Areas of products where majority of Germany tenders are floated include –
- Construction and related works.
- Fabricated products and materials.
- Automobiles, parts, machineries, and accessories.
- Office equipments including computer related supplies.
- Machineries and associated products.
- Telecommunication and radio related articles.
- Instruments, appliances, process control equipments, horological and optical equipments.
- Electrical, machineries, consumables, apparatus, and equipments.
- Manufactured goods, handicrafts, furniture, consumables, and special items.
- Chemicals and manmade fibers.
- Pharmaceuticals and other medical supplies.
- Printed and published materials.
- Electricity, gas, fuels, nuclear energy, steam, hot water and other sources of energies.
- Foods and beverages.
- Transport and equipments.
- Textile products.
- Metals and associated products.
- Paper and pulp products.
- Clothes and footwear.
- Rubber, plastic, and film products.
Germany Tenders in Service Categories
Germany tenders in service categories are mostly related to –
- Consultancy, architecture, designing, planning, legal, accounting, and business related services.
- Sewage and refuse disposal services.
- Software services.
- Repair, maintenance, and installation related services.
- Land based transport and pipeline related services.
- Services related to agriculture, forestry, horticulture, education, health and social works, insurance, miscellaneous, postal and telecommunication, printing and publishing, public utilities, research and development and auxiliary transport services.
Apart from being the largest in Europe Germany is also a growing economy. Naturally enough, winning Germany tenders are best ways of getting the business rolling for any entrepreneur; indigenous or overseas.
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