AGP Executive Report
Last update: 3 hours agoAerospace Manufacturing: Edgewing has opened its first engineering hub outside the UK in Turin, bringing Italian, British and Japanese teams together to develop systems for the GCAP next-generation fighter. Automotive Trade: The EU and China have reached a preliminary deal that could cut Chinese hybrid-car exports to Europe by up to half, while addressing rare-earth supply chains and easing trade tensions. Industrial Investment: Verbio has commissioned a large-scale bio-based chemicals plant in Bitterfeld, Germany; separately, Rheinmetall has acquired Romania’s Mangalia shipyard. Business Costs: Albania’s Tirana Chamber is urging the government to cut agro-processing VAT to 5–7%, exempt manufacturing inputs from customs duties and raise machinery depreciation allowances to encourage investment and exports.
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