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: 11 Jun 2014 | Removal date: open ended
Still in force

Trade finance

On 11 June 2014, the German Eximbank KfW announced it would provide an export credit worth 140 million EUR with a duration of 12 years for the export of a German modern production line to the Turkish train wheel manufacturer Kardemir Karabük Demir Celik Sanayi ve Ticaret A.S.
The production line is produced by the traditional German press manufacturer Schuler from Göppingen and shall be worth over 90 million EUR.
The transaction shall be jointly insured by the German insurer Euler Hermes and the Italian export credit agency SACE, as - according to the press release - Kardemir shall also finance with this credit the purchase of an Italian bar and wire rod mill.

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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