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In: Economics

Abeego is the original beeswax food storage wrap, based out of Victoria, BC. The true vision...

Abeego is the original beeswax food storage wrap, based out of Victoria, BC. The true vision behind Abeego is to Keep Food Alive and hold space for those hungry to rekindle food wisdom inherent to humankind.

Abeego plans to export to Germany. Describe Legal and regulatory analysis for Germany? (min 300 words)

Legal and regulatory – this section reports barriers or restrictions on trade in the country/region of entry.

General Trade Restrictions and discussion of trade environment

     Tariffs, Quotas, License Fees, Import Taxes, etc.

     Memberships (WTO, Trade blocs, NATO, UN, etc.)

Solutions

Expert Solution

General trade restrictions and Environment of Trade

Germany is one of the member of the European Union, it is one of the world's most industrialized country and holds a strong economy. For an international trade there exists certain regulations or inhibitions. There exists the tariffs and duties, which may be subjected to change with the change in policy of the government. Germany is being a part of European union, the business {which means the export and import} is actually controlled by the European union Taxation and Customs union.

A Common External Tariff is applicable to the nations out of the European union. The rates are based on this CET. The Federal Ministry Bundesministerium der Finanzen is accountable for the both the import and export of the country. If certain alligations matters arise on it they they are directed to the German customs. The German Customs undergo proper market check in order to ensure the safety of the products as mentioned in the guideline. And the food items and animal feed imported from the non European union countries must satisfy the Criterias of both the union and also national legislature.

And also to introduce the impact on the environment the country follows the European Unions, policy that is Minimum waste in package and all the Certifications and Labelling must be done on these guidelines. And the mode of payment, is mostly considered in the Euros. The certification which ensure the safety of product is also important.

Germany is one of the most powerful nation in the world and it is one of the most important member of the prominent International organizations. The Germany is member in European council, European union, International Monetary Fund , World Trade Organization, NATO, World Bank Group and International United Nations Organizations{ UN ]. Being a part of World Trade Organization, the country is following the guidelines of it for the International trade across the borders which means in between the nations.


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