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The OECD Consensus on Export Credits was modernized in 2023 to strengthen opportunities in global competition. However, implementation of the reform is slow. According to an analysis by the US Exim Bank, China is ahead in terms of new commitments in 2024.
If export goods are not delivered, there is a risk of high losses - especially for custom-made products. Hermes Cover protects against losses due to sanctions or geopolitical conflicts, among other things.
Letters of credit or advance payment are not very attractive in a competitive environment. Credit insurance for payment terms is an alternative. These are also an entry into export financing.
The Hermes Annual Report for Export Credit Guarantees 2024 has been published. The figures show how relevant the protection of export receivables against crises is.
The Hermes package of measures from January 2025 is also intended to offer the supplier industry more opportunities on the export markets. The VDMA explains what is important.
The Hermes package of measures from January 2025 improves the forfaiting guarantee. LBBW reports the first financing with this cover.
The Hermes package of measures from January 2025 offers applicants a German Footprint concept if they do not only export German value added.
The German government wants to boldly reform export promotion. SMEs in particular can benefit from this - if the banks go along with it.
VDMA study shows need for catching up (or pent-up demand) for German financing offers
Germany Trade and Invest (GTAI) provides a monthly overview of publications relevant to mechanical engineering on Africa exclusively for VDMA members.
Current information, analyses and events on export financing, as well as Hermes cover in the VDMA Foreign Trade Newsletter.
The annual Status Report describes the current challenges and economic situation of the VDMA large-scale plant engineering sector in the global market.
Official platform provides bundled and free information on Africa business.
The VDMA offers events on current foreign trade topics, on the web and live on site.
The VDMA Foreign Trade team supports VDMA member companies in the internationalization of mechanical and plant engineering. We provide you with practical support in all matters relating to foreign business.
