ANNOUNCEMENT 25 Mar 2021

In March 2021, the Ministry of Defense signed an EUR 148 million export financing agreement with Slovakia to maintain their national security.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Ministry of Foreign Affairs, Israeli and Slovak Defense Ministries sign defense export agreement, 25 March 2021, Available at https://mfa.gov.il/MFA/PressRoom/2021/Pages/Israeli-and-Slovak-Defense-Ministries-sign-defense-export-agreement-25-March-2021.aspx

Inception date: 25 Mar 2021 | Removal date: open ended

Trade finance

On 25 March 2021, the Ministry of Defense signed an EUR 148 million (approx. USD 173 million) export financing agreement with Slovakia to finance the exports of 17 radar systems produced by Israel Aerospace Industries (IAI). 

In this context, Israeli Defense Minister Benny Gantz said: "Today we have reached a significant milestone in the growing cooperation between Israeli and Slovak defense industries. The new agreement first and foremost provides Slovakia with high-quality, advanced systems to maintain their national security, while also strengthening defense industries and creating many new jobs in Israel and Slovakia."

 

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