ANNOUNCEMENT 30 Apr 2019

In April 2019, the German Export Credit Agency Euler Hermes Aktiengesellschaft provided a guarantee to support a German company's exports of a plant for the production of polyethylene terephthalate foils (BOPET) to India.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Apr 2019 | Removal date: open ended

Trade finance

The German Export Credit Agency Euler Hermes Aktiengesellschaft granted an export credit guarantee in April 2019. The guarantee supports the German company Brückner Maschinenbau GmbH & Co. K's export of a plant for the production of polyethylene terephthalate foils (BOPET) to India.

The German Export Credit Agency Euler Hermes Aktiengesellschaft 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 EUR 16 and 50 million. The GTA assumes the lower bound amount of the respective category, in this case, 16 million EUR (approx. USD 18 million), as the conservative estimate of the project value. The maturity of the loan is 10 years. The financing institution is Bayerische Landesbank.

Germany provides Export Credit Guarantees and Untied Loan Guarantees to support German exports. The issuance of such guarantees is managed on "behalf of the Federal Republic of Germany by Euler Hermes Aktiengesellschaft". 

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets or from foreign subsidiaries.

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AFFECTED PRODUCTS