Global Trade Alert
Global Trade Alert

Germany: Export Credit Agency provides guarantee to support German companies' export of spinning machines and preparatory spinning machinery to Turkiye

Announcement

31 Jul 2022

In July 2022, the German Export Credit Agency Euler Hermes Aktiengesellschaft provided a guarantee to support two German companies in the export of spinning machines and preparatory spinning machinery to Turkiye.

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

2 in force

Implementation date

31 Jul 2022

Revocation date:

No revocation date

Trade finance In force

In July 2022, the German Export Credit Agency Euler Hermes Aktiengesellschaft granted an export credit guarantee. The guarantee will support two undisclosed German companies in the export of 12 rotor-...

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Implementation date

31 Jul 2022

Revocation date:

No revocation date

Local value added incentive In force

The German Export Credit Agency's approval process depends on the percentage of foreign-sourced goods included in the value of the export contract. Export contracts which include a foreign content val...

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