Notice: Trying to get property 'display_name' of non-object in /home/theproficientinv/public_html/wp-content/plugins/wordpress-seo/src/presenters/meta-author-presenter.php on line 40
Investor Strategy

Germany, under EU pressure, amends decree on exports of protective equipment

imageStock Markets11 hours ago (Mar 14, 2020 10:46AM ET)

(C) Reuters. Germany, under EU pressure, amends decree on exports of protective equipment

BERLIN (Reuters) – Germany said on Saturday that, in agreement with the European Commission, it was amending a decree issued earlier this month that required a government agency to approve exports of protective equipment such as masks, goggles and gloves.

The step came a day after European Commission President Ursula von der Leyen said limits placed on exports of medical equipment by countries including France and Germany undermined the EU single market at a time when it had to function.

“The government’s aim is to protect people in Germany. Equally, the government’s central principle is to ensure European solidarity at the time of the coronavirus crisis,” the German Economy Ministry said in a statement.

“Both objectives will be achieved by means of the adapted general decree,” it added.

Under the amendment, the government agency concerned, BAFA, can approve in advance exports of protective equipment, for example, “to counteract a threat to the vital needs in a member state of the European Union”, the ministry said.

It added that protective equipment covered by the decree included protective glasses, face shields, surgical masks, respiratory protection masks, protective gowns and suits, and gloves.

Separately, Germany and Italy have spearheaded a national scramble for ventilators. Manufacturers warned on Friday that hospitals everywhere face a lack of vital equipment needed to treat coronavirus patients.

Germany, under EU pressure, amends decree on exports of protective equipment

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top