The German government supports the activities of German companies abroad by means of its foreign trade and investment promotion scheme and in doing so maintains their competitiveness, contributes to job security and promotes exports thus acting as an important growth factor.
Based on budget law three interministerial committees, each headed by the Federal Ministry of Economic Affairs and Climate Action, are responsible for underwriting decisions in the field of foreign trade and investment promotion.
Euler Hermes Aktiengesellschaft is mandated to manage the guarantee schemes by
- informing and advising companies/credit institutions as to how they can protect their foreign trade and investment activities,
- receiving and evaluating guarantee applications,
- attending to all issues regarding the guarantees, averting losses and handling indemnification processes.
The promotion scheme at a glance
Export Credit Guarantees (Hermes Cover) protect export transactions, in particular in difficult and high-risk markets, against a payment default for commercial / political reasons.
Investment Guarantees protect direct investments of German companies in emerging markets and developing countries against political risks.
Untied Loan Guarantees support the external financing of raw materials projects abroad which are eligible for cover and secure the supply of the German industry with raw materials.