Bavaria’s relationship with the United States runs long and deep. Today we share intensive bilateral relations, with our businesses and thus our economies being increasingly intertwined.
Trade and Investment
The book value of U.S. investment in Bavaria exceeds 6 billion Euros, a figure larger than that of Bavaria’s neighbors Austria and France combined. Since the opening of the Bavarian office in the US in 1996, the number of US companies in Bavaria has tripled to over 850. American companies at home in Bavaria include: Google, General Electric, AGCO, MSD Sharpe & Dohme, Microsoft and Amazon.
Likewise, Bavarian firms in the US number over 750, with their book value exceeding Bavaria’s investment in France and the UK combined.
The largest Bavarian companies at home in the US include: Siemens, Allianz, Adidas, BMW and Linde. The US is Bavaria’s most important export destination, at €18.3 billion in 2012 and the US is Bavaria’s fourth most important source of imports, at € 9.9 billion in 2012.
2013 marked the beginning of a new era, the Transatlantic Trade and Investment Partnership (TTIP). TTIP is designed
- to promote global competitiveness of our economies and our companies,
- to further open markets between our regions,
- eliminate all tariffs on trade,
- further open markets between the two regions and
- lower costs by promoting greater compatibility, transparency, cooperation and standardization.
“A successfully negotiated TTIP will boost economic growth in the United States and Europe,” commented Peter Ammon, Ambassador of the Federal Republic of Germany to the United States.
Research and Technology Connections
Formal and informal research connections abound between the US and Bavaria with over 240 university partnerships between our regions. For example, in 2000, Bavaria formed the Bavaria California Technology Center to foster joint research of Bavarian and Californian universities in the areas of life sciences, environmental technologies, information and communication technology and mechatronics. Fraunhofer and Max Planck are also active in the US, thereby gaining access to a broader range of scientific expertise and facilitating technology transfer between the US and Germany, bilaterally.
The relationship between Bavaria and the US is not just about business. There are also educational and cultural exchanges, via the Hanns Seidel Foundation and the BMW Foundation Herbert Quandt as well as 31 sister city partnerships between Bavaria and US cities. To name a few:
- Augsburg with Dayton, Ohio
- Coburg with Garden City, New York
- Hof with Ogden, Utah
- Regensburg with Tempe, Arizona