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Location of Germany. Germany is a federal parliamentary republic in central-western Europe. Germany has the world's 3rd largest economy by nominal GDP, and the 5th largest by PPP. As a global leader in several industrial and technological sectors, it is both the world's third-largest exporter and importer of goods.
About 910 [1] Parent agency. Federal Ministry of Economics and Technology (Germany) The Federal Office for Economic Affairs and Export Control ( Bundesamt für Wirtschaft und Ausfuhrkontrolle, short BAFA) is a German federal agency. The BAFA is authorised to make the final decision on whether German goods are permitted for export.
Total equity. €8.099 billion (2020) [1] Number of employees. 33,106 (2020) [1] Website. www.evonik.com. Evonik Industries AG is a publicly-listed German specialty chemicals company headquartered in Essen, North Rhine-Westphalia, Germany. It is the second-largest chemicals company in Germany, [2] and one of the largest specialty chemicals ...
Hermes cover. A Hermes cover ( Hermesdeckung in German) is an export credit guarantee (ECG) by the German Federal Government. These guarantees are an important part of German foreign trade policy and protect German companies in the event of non-payment by foreign debtors.
The KfW IPEX-Bank GmbH is a German commercial bank that is the wholly owned subsidiary of German KfW ( Kreditanstalt für Wiederaufbau; lit. 'credit institute for reconstruction') that focuses on development financing. [3] Since 1 January 2008 it has been a legally independent bank governed by the German Banking Act.
The following is a list of the exports of Germany. Data is for 2022, in millions of United States dollars , as reported by International Trade Centre . Currently the top thirty exports are listed.
International trade is the exchange of capital, goods, and services across international borders or territories [1] because there is a need or want of goods or services. [2] (see: World economy ) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history ...
Definition. Offsets can be defined as provisions to an import agreement, between an exporting foreign company, or possibly a government acting as intermediary, and an importing public entity, that oblige the exporter to undertake activities in order to satisfy a second objective of the importing entity, distinct from the acquisition of the goods and/or services that form the core transaction.