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No approval needed to set up firms abroad, Germany says on Rheinmetall's Turkey plans
April 19, 2017 / 10:38 AM / 6 months ago

No approval needed to set up firms abroad, Germany says on Rheinmetall's Turkey plans

The logo of Germany's Rheinmetall AG is outside the company's headquarters in the western German city of Duesseldorf August 4, 2014. REUTERS/Wolfgang Rattay

BERLIN (Reuters) - Asked about plans to build a Rheinmetall (RHMG.DE) factory in Turkey, a German Economy Ministry spokesman said setting up a company abroad did not require permission from the German government but transferring knowledge did.

“Just founding a firm abroad is not subject to foreign trade law but transferring knowledge to a firm abroad, for example, which also happens if you start up production, is subject to foreign trade law and would need to be approved by us,” a spokesman for the Economy Ministry said on Wednesday.

Rheinmetall started making plans for a factory in Turkey more two years ago. The group’s CEO Armin Papperger told German newspaper Tagesspiegel last month that it was not yet producing anything.

Reporting by Sabine Siebold; Writing by Michelle Martin and Victoria Bryan; Editing by Madeline Chambers

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