Global Trade Alert
Global Trade Alert

Germany: Export Credit Agency provides guarantee to support 2 German companies in the export of textile machines to Turkiye

Announcement

31 Jan 2023

In January 2023, the German Export Credit Agency Euler Hermes Aktiengesellschaft provided a guarantee to support 2 undisclosed German companies' export of textile machines 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 Jan 2023

Revocation date:

No revocation date

Trade finance In force

In January 2023, the German Export Credit Agency Euler Hermes Aktiengesellschaft granted an export credit guarantee. The guarantee will support 2 undisclosed German companies' export of textile machin...

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Implementation date

31 Jan 2023

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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