ANNOUNCEMENT 03 Sep 2015In September 2015, the government of Italy announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
On 3 September 2015, the Italian Eximbank SACE announced in a press release that it would guarantee an export credit worth 200 million EUR for the purchase of parts from the Italian company FCA by Turkish car manufacturer Tofas.
Tofas, partially owned by the Fiat Automobiles Crysler group, would use the parts for the production of the new station wagon and hatchback models.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.