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Expansion Of The Jyl Company Into Germany

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Expansion of the JYL company into Germany

Jerry Lee
2015-06-01
BBB4M- Mrs. Zylber

Why Invest in Germany?

Germany is an excellent country to expand new products and services into as it is located in the heart of Europe, following a constitutional monarchy with a parliamentary government and a Prime Minister which has the power to appoint and remove ministers. As a member of the G8, Germany contributes significantly to the world 's economy. The Gross Domestic Product in Germany was valued at USD $3634.82 billion in 2013 which is equivalent to 5.86% of the world’s economy. In Germany, more than 95% of the population speaks German as their first language.
Germany is Canada’s 8th largest trading partner. Canadian exports to Germany are mainly comprised of aircraft parts, iron ores, coal and copper. Canada’s trade to Germany is primarily resource based while Germany exports are mostly automotive parts. However, other major imports include medicaments, medical instruments, and blood fractions.
Investing in Germany provides numerous businesses with large opportunities to expand their business into Germany. Germany has the largest economy in all of Europe, with an access to 454 million consumers. Productivity has risen over 30% in the past 5 years. Adding on to that Germany is also the world’s second largest exporter. The geography of Germany plays a very important role for business opportunities. Germany is in the centre of

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