2024-09-20 13:29:08
Economy
Business

Impact of German Border Controls on Economy and Trade

Stricter border controls at Germany’s borders are having significant negative impacts on the economy. Experts predict delays in inner-European traffic, leading to costlier goods, disrupted supply chains, and losses for German companies.

Allianz Trade estimates an average increase of 20 minutes in travel time on cross-border routes, causing a 1.7% rise in import costs and potentially reducing imports by around 8%. This drop could amount to an annual loss of up to 1.1 billion euros, affecting production and increasing storage costs.

The measures, implemented in early September to combat irregular migration, have drawn criticism from several European nations. The restrictions also impact personal travel, harming tourism and the mobility of border commuters.

These controls will likely reduce overall trade volume and weaken the competitiveness of German manufacturers, which is already at a low level. The consequences extend across various sectors, including machinery, chemicals, and pharmaceuticals, with significant import losses.

Despite assurances from German authorities to protect commuter traffic, neighboring countries like Luxembourg are urging for more balanced measures to minimize disruptions.

AFP
20. September 2024 um 10:19

Study: German border controls increase costs of goods and harm companies

Economy
Politics
Increased border controls at German land borders are leading to delays, more expensive goods, disrupted supply chains and losses for companies, according to Allianz Trade. Average travel time extension of 20 minutes; increase in transport and import costs by 1.7%; possible decline in imports by 8%. The federal government justifies the measure as a necessity for a tougher approach against irregular migration. The consequences are declining production, higher storage costs and a decline in trade..
focus
20. September 2024 um 10:29

Imports Become More Expensive - Experts: German Border Controls Weaken the Economy

Economy
Politics
According to experts, the German border controls lead to 1.7% higher import costs, an 8% decline in imports, supply chain disruptions, declining production, and higher storage costs. This weakens the competitiveness of German companies and tourism. The measure also met with criticism from European countries.
n-tv.de
20. September 2024 um 08:14

Billions in losses expected: Border controls hit the German economy hard

Economy
Analysis by Allianz Trade: Border controls lead to import losses of 147 and 142.1 million euros in mechanical engineering and the chemical and pharmaceutical industries, also affecting the education and leisure sectors due to restrictions on passenger transport.
gmx
20. September 2024 um 11:06

Luxembourg calls on Germany to implement border controls moderately

Politics
Luxembourg's Interior Minister Gloden calls for a moderate implementation of the German border controls; controls should minimize the impact on traffic flow and everyday life in the border region; Federal Police and Federal Interior Minister Faeser assure measures to protect commuter traffic; more than 50,000 German cross-border workers from Saarland work in Luxembourg.
CW

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