Type and Volume of Export Promotion in The Form of Hermes Cover
In 2005, the German state made guarantees for orders totaling EUR 19.77 billion (USD 25 billion), which is about 2.5 percent of total German exports. About 90% of the cover was accounted for by exports to developing countries and states in central and eastern Europe, including CIS countries. These guarantees only result in expenditure by the state if the customer does not pay.
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