In most cases, manufacturing equipment is more expensive in Germany, France, or some other European countries when compared to the U.S. and Asia. In this week’s individual assignment, we will discuss why that is the case and how it affects the import/export business for U.S. companies.
Explain the typical costs associated with machinery equipment built in Europe versus U.S. or Asian companies.
Focus on the costs of safety requirements set by the EU on equipment manufacturers in Europe versus those set by the U.S.