IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 28 Feb 2017 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in February 2017 and finances the delivery of spinning and automatic winding machines ('Spinnerei- und Aufwickelmaschinen') to India. The benefitting German exporter is Oerlikon Textile GmbH & Co. KG, Remscheid.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (17 million USD), as the conservative estimate of the project value.

The maturity of the loan will be 10 years. The financing institution is AKA Ausfuhrkredit-Gesellschaft mbH, Frankfurt Landesbank Baden-W?rttemberg, Stuttgart.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

446 Machinery for textile, apparel & leather production; parts
8445 Machines for preparing textile fibres; spinning, doubling or twisting machines and other machinery for producing textile yarns; textile reeling or winding (including weftwinding) machines and machines for preparing textile yarns for use on the machines o
844520 Textile spinning machines
844540 Textile winding (including weftwinding) or reeling machines

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