IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 09 Jul 2014 | Removal date: open ended
Still in force

Trade finance

On 9 July 2014, the German Eximbank KfW announced it would provide an export credit worth 794 million USD with a duration of 10 years to help finance a scrap-based sheet steel plant in the United States. The main components for the factory shall be supplied by the German steel mill systems provider SMS Siemag.
The German government will take part in the credit through "substantial export credit insurance".

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

442 Machine-tools & parts
8459 Machinetools (including waytype unit head machines) for drilling, boring, milling, threading or tapping by removing metal, other than lathes (including turning centres) of heading 84.58.
845910 Waytype unit head machines
845921 Numerically controlled
845929 Other
845931 Numerically controlled
845939 Other
845940 Other boring machines
845951 Numerically controlled
845959 Other
845961 Numerically controlled
845969 Other
845970 Other threading or tapping machines

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