Success for NürnbergMesse: Acquisition of ALTENPFLEGE – the Leading Trade Fair for the Care Industry!Congratulations to the NürnbergMesse Group on the successful acquisition of hashtag#ALTENPFLEGE – The Leading Trade Fair for the Care Industry from Vincentz Network GmbH & Co. KG. ALTENPFLEGE is Europe’s premier platform for the care industry, fostering innovation and networking opportunities. This strategic acquisition not only strengthens NürnbergMesse’s Social & Public portfolio but also reinforces Nuremberg as a key trade fair location for future-focused industries. We at EAC International Consulting are proud to have supported NürnbergMesse on this important transaction, providing Commercial Due Diligence and a …
The Latest US Tariffs on Chinese Goods
The Latest US Tariffs on Chinese GoodsTariffs Targeting China Announced by the Biden Administration The Biden administration has announced an increase in tariffs on USD 18 billion worth of Chinese imports. This action is part of a broader strategy to protect American industries and workers.Tariff Increases Range from 25% to 100% The new tariffs, ranging from 25% to 100%, target key industries and aim to shield American businesses from cheaper Chinese alternatives: Steel and Aluminum: The tariff rate on certain steel and aluminum products will increase to 25% in 2024. This measure is designed to support the US steel industry, …
Regional Comprehensive Economic Partnership (RCEP)
Regional Comprehensive Economic Partnership (RCEP)What is the Regional Comprehensive Economic Partnership? Signed in November 2020, the RCEP is a Free-Trade Agreement between 15 countries including the ASEAN nations, China, South Korea, Japan, Australia and New Zealand. As of 2020, the member countries account for ~30% of the world’s population and ~30% of global GDP. In March 2021, China became the first signatory to ratify RCEP, around three months ahead of schedule. The agreement can be viewed as the regional answer to the failed Transatlantic Partnership and a complementation of the existing CPTPP. Its purpose is to eliminate tariff and non-tariff …