Bilateral Economic Relations between Germany and the GCC countries

Slides:

Advertisements

Similar presentations

April 2011 Prospects for Turkish-Arab Relations are Promising Ibrahim S. Dabdoub Group CEO National Bank of Kuwait 6th Turkish-Arab Economic Forum (TAF'11)

Advertisements

Mereseini Q. Waibuta Ministry of Finance (Fiji) 10 March, 2014 In Seoul, Korea Ministry of Finance PRESENTATION AT THE PLENARY SESSION DEVELOPMENT COOPERATION.

Trade Working Group 5 th Meeting March 26, 2015 Ankara, Turkey Making Cooperation Work For Building an Interdependent Islamic World COMCEC Trade OUTLOOK.

Role of Technology in GCC Integration. GCC Countries: the current status Gulf Cooperative Council Members Bahrain Kuwait Oman Qatar Saudi Arabia UAE.

Business Landscape in the Gulf Maggie N. Nassif, PhD, MBA Administrative Director National Middle East Language Resource Center.

Power of the Chamber Global

Middle Eastern Economies

128 Q: What nationwide minimum wage will be introduced in Germany in 2015? A: 8.50 Euros per hour 127 Q: In what way does Germany’s economy depend on Europe?

China, India, Japan, & North Korea.  World’s largest exporter  GDP per capita = $9,800  Primary exports: electrical and other machinery, clothing,

Economic Development and Globalization Division Financing for Development Section.

Opportunities and Challenges for South Asian Enterprises South Asian Tax summit 2008 Farooq M. Ladha Head of Tax, Middle East.

Sino-Latin American Energy Cooperation Models Dr.Sun Hongbo Institute of Latin American Studies Chinese Academy of Social Sciences Woodrow Wilson International.

1 Preliminary Thoughts on E.U.-G.C.C. Financial and Investment Co-operation Andrew Cunningham Sharaka Workshop Centre for European Policy Studies 17 December.

Economic Development and Globalization Division Financing for Development Section.

HISTORY OF GLOBALIZATION---BRIC

1 Korea-Saudi Arabia Industry & Tech Cooperation Two Map.

Ministry of Health and Social Affairs Sweden Government Offices of Sweden Business promotion at Ministry of Health and Social Affairs - support to Swedish.

Tax regime UAE September 9th, 2015.

EPC EDUCATION AND TRAINING – Applications for Membership of the EU Turkey - April 1987 Cyprus - July 1990 Malta - July 1990 Hungary.

By: Dr Fayaz Ahmad Lone 1. What is Trade? Trade refers to the exchange of goods and services. It may be internal trade or external trade. 2Dr Fayaz Ahmad.

1 “ The Growth Imperative: a MENA Perspective” Yassir Albaharna, FCII CEO, Arab Insurance Group (Arig) International Insurance Society Tuesday, 15 July.

Innovative development – the basis of modernization of the Russian Economy Doctor of Economics Lenchuk E.B.. Prague

Private Equity in Middle East October Istithmar Overview  A major investment holding company based in the UAE  Focuses on Private Equity, Alternative.

SS7E5 The student will analyze different economic systems. Compare and contrast the economic systems in Israel, Saudi Arabia, and Turkey.

Specific Emirates Economy and Foreign Trade Environment.

1 Lecture 2 International Trade Hyun-Hoon Lee Professor Kangwon National University.

SAUDI ARABIA THE BUSINESS GATEWAY TO THE MIDDLE EAST October 2015

2 3 GDP growth in Russia and in other G8 countries, GDP growth in Russia and in other G8 countries,

2015 World Bio Summit and Expo Dubai, UAE Dr. Mark G. Bloom, CLP, RTTP Registered U.S. Patent Attorney Keynote Presentation 1.

MIDDLE EAST ECONOMICS. Israel (1) What to produce? A large portion of Israel’s GDP comes from high tech manufacturing, financial services, and agriculture.

Economic Systems SS7E5 The student will analyze different economic systems. a.Compare how traditional, command, and market economies answer the economic.

Economic Systems in Israel, Saudi Arabia and Turkey

Middle Eastern Economies. SS7E5: Analyzing Economic Systems a. Compare how traditional, command, and market economies answer the economic questions of.

TRENDS & PROSPECTS OF BILLET EXPORT FROM CHINA TO GCC REGION

ECONOMIC AND TRADE RELATIONS BULGARIA - KOREA Korea - Bulgaria forum 26 November 2008 Bulgarian Chamber of Commerce and Industry.

GCC Gulf Cooperation Council 1.  Founding  Objectives  Economic Integration  Recent Situation  Background  Characteristics  Effects  Implication.

Government Intervention. What do we need to know… What is government intervention Arguments for and against government invention Main economic objectives.

Christian Mandl, EU Coordination Policy Department Austrian Federal Economic Chamber February 2016 SME Support in Austria Small and Medium Sized Companies.

LOGO Globalization A Summary. Contents BRIC Nations Overview Russia India China Brazil.

Georgia 7 th Grade Standards Compare and contrast the economic systems in Israel, Saudi Arabia and Turkey Evaluate how the literacy rate affects the standard.

CFA Middle East Societies Market Sentiment Survey 2017

International Trade Theories

Performance of the GCC Stock Market in the past 10 years

Economic Systems SS7E5 The student will analyze different economic systems. Compare how traditional, command, and market economies answer the economic.

© 2016 Global Market Insights. All Rights Reserved Boiler Water Treatment Chemicals Market Share, Opportunities, Growth & Future Challenges.

Economic Systems SS7E5 The student will analyze different economic systems. Compare how traditional, command, and market economies answer the economic.

STANDARDS: SS7E5 The student will analyze different economic systems.

Nader Habibi Crown Center for Middle East Studies Brandeis University

Middle Eastern Economies

Economic Systems SS7E5 The student will analyze different economic systems. Compare how traditional, command, and market economies answer the economic.

Middle Eastern Economies

Private and Public Sector in India.

Albania Country Presentation

REVIVING INVESTMENT IN THE MENA REGION

Economic Systems SS7E5 The student will analyze different economic systems. Compare how traditional, command, and market economies answer the economic.

Economics SS6E5 The student will analyze different economic systems.

Kuwait – Germany Prospects for Cooperation

Middle Eastern Economies

Introductory Material on GCC

Middle Eastern Economies

Healthcare Policies in GCC: Challenges and Future Directions:

Thailand’s Investment Climate: Looking Forward

Economic Systems SS7E5 The student will analyze different economic systems. Compare how traditional, command, and market economies answer the economic.

VIETNAM – AN ATTRACTIVE DESTINATION FOR INVESTORS

Role of the state.

Economic Systems SS7E4 Analyze different economic systems.

Israel (1) What to produce?

NS4453 Spring Term 2017 WEF Country Stages/Rankings

SWOT and PESTEL Analysis By MyAssignmenthelp.com MyAssignmenthelp.com.

Presentation transcript:

Bilateral Economic Relations between Germany and the GCC countries

Germany’s trade with the GCC countries Imports* Exports* Trade volume* 2014 2015 % Jan.- June 2016 Jan.-June 2016 Jan.- June 2016 UAE 748,1 894,0 19,5 457,0 -7,5 11.364,1 14.627,7 28,7 7.239,1 14,4 7.696,1 12,8 Saudi Arabia 1.105,1 870,9 -21,2 181,2 -60,2 8.879,8 9.972,2 12,3 3.850,4 -22,3 4.031,6 -25,5 Katar 678,3 388,2 -42,8 211,7 15,5 2.097,5 2.158,3 2,9 1.230,9 37,5 1.442,6 33,8 Kuwait 136,8 60,1 -55,7 13,8 113,7 1.422,2 1.302,9 -8,4 728,5 10,5 742,3 11,5 Oman 67,0 47,9 -28,4 21,4 -14,7 691,7 940,9 36,0 441,4 -0,1 462,7 -0,8 Bahrain 54,8 24,8 -54,8 14,8 19,2 374,0 417,5 11,6 160,1 -32,6 174,9 -30,0 *in m euro

Economic relations between Germany and the GCC countries GCC countries are a very important market for Germany, yet highly competitive. UAE are the front-runner for German exports in 2015 Saudi Arabia, the biggest national economy in the region, remains the second most important GCC trade partner for Germany. German companies are mainly high tech subcontractors, EPC projects are essentially going to Korea, Japan and China as lump-sum turnkey contracts.

Economic challenges … The economies of GCC countries remain highly dependent on oil and gas and are strongly affected by the sinking oil price. GCC countries try to diversify their national economies. Private sector does not yet play the role it should have. Bureaucracy and tendering procedures (which do not always meet our transparency expectations).

… and how to meet them Saudi Arabia deepens the value-added chain by processing oil in the petrochemical industry to compensate the loss of profits due to the fluctuant oil price. As of 2018, the GCC countries collect VAT (3-5 %), moreover the collection of corporate or tobacco tax is discussed in order to stabilize national budgets. Due to the rapid growth of the population, great possibilities for cooperation in the fields of education and health care. Improvement of employability and esteem of the private sector to create jobs. Cooperation in the fields of infrastructure and renewable energy (e.g., railway projects; IRENA).