Innovation and Investment Hub in Berlin will provide companies with a place to meet clients and customers, target new markets and secure investment
Trading links between Germany and Scotland appear to have been bolstered after a high-profile meeting that included discussion of opening a Scottish Government Innovation and Investment Hub in Berlin.
Cabinet Secretary for the Economy Keith Brown and Scottish Chambers of Commerce Chief Executive Liz Cameron met with the Association of German Chambers of Commerce to discuss the growth of international trade and investment between Scotland and Germany.
Outcomes of the meeting included:
German and Scottish Chambers identifying key sectors of mutual interest to strengthen trade links across Germany, but in particularly focusing on the regions of Augsburg, Dusseldorf and Munich
An Innovation and Investment Hub in Berlin will provide companies with a place to meet clients and customers, target new markets and secure investment
Scottish Development International will increase its presence in Germany
Scotland will welcome a trade mission from Bavaria later this month focussing on energy and tech companies.
Brown said: “I am pleased to have met today with the Association of German Chambers of Commerce and the Scottish Chambers of Commerce to identify and explore areas of mutual interest and advantage. Despite the uncertainties caused by Brexit, Scotland remains very much open for business and I am heartened by the positive response I have received today from German colleagues as we have explored the regions and sectors of our two economies where we can improve trade and encourage further inward investment.
“A Bavarian Mission to Scotland later this month will build on this, with a varied two-day programme offering substantial opportunities for German and Scottish companies to interact.
“Trade between Scotland and Germany is already considerable. There are more than 150 German-owned enterprises operating at around 600 Scottish sites, employing almost 18,000 people with a turnover in excess of £4,000 million. In addition, exports to Germany were worth £1.7bn in 2015 – more than 6% of all Scotland’s international exports.
“The Berlin hub will raise Scotland’s profile in Germany even further, promoting collaboration and cooperation between Scotland and Germany in a number of areas, including promoting cultural exchange and providing Scottish companies with a base to build new partnerships and a low cost place to trade.
“This is part of our ambitious programme of internationalisation, including measures to broaden Scotland’s export base and to grow exports beyond our traditional markets, which is why I am pleased that today’s meeting has left me in no doubt that both Scotland and Germany will enjoy further success – supporting more companies to export to German markets and encouraging further substantial inward investment.”
Liz Cameron OBE, Director and Chief Executive of Scottish Chambers of Commerce, said: “Our highest priority is to make sure that Scotland remains open for business to the rest of the world. That means being able to trade and invest easily with international markets, and Scotland remaining an attractive destination for inward investment. Scotland has many natural alliances with Germany, and with direct air links from Edinburgh & Glasgow Airports, the impetus to deepen our business, cultural, social and economic relationship with Germany has never been stronger.
“This trip is a great example of how business and government can mobilise our respective strengths to do what’s best for the Scottish economy and forge new business to business alliances. The Chamber Network has unparalleled reach internationally, coupled with a globally renowned Scottish business diaspora, we look forward to building stronger links with key regions in Germany including Augsburg, Dusseldorf and Munich.”