Global Trade Alert
Global Trade Alert

Germany: Export Credit Agency provides guarantee to support SMS group GmbH's export of rail rolling mill to Italy

Announcement

31 Oct 2023

In October 2023, German Export Credit Agency Euler Hermes Aktiengesellschaft provided a guarantee to support German company SMS group GmbH in the export of rail rolling mill to Italy.

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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 Oct 2023

Revocation date:

No revocation date

Trade finance In force

In October 2023, the German Export Credit Agency Euler Hermes Aktiengesellschaft granted an export credit guarantee. The guarantee will support German company SMS group GmbH's export of a plant for th...

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Implementation date

31 Oct 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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