TEHRAN, May 11 - Previously Germany confirmed that Berlin won't pull out of the Iranian nuclear deal in the wake after the US President Donald Trump had announced withdrawal from the agreement.
TEHRAN,
Young Journalists Club (YJC) – Previously Germany confirmed that Berlin won't pull out of the Iranian nuclear deal in the wake after the US President Donald Trump had announced withdrawal from the agreement.
German Economy Minister Peter Altmaier stated this Friday, that he would continue to discuss the Iranian situation with the US, adding, however, that Berlin had no reasons to change its Hermes export guarantee scheme for Tehran.
"At the moment, traCthere is no reason to change the valued Hermes scheme," Altmaier told Deutschlandfunk radio.
Germes cover is an export credit guarantee by the German Federal Government, which was originally introduced in 1949 in order to promote German export and provide the country with jobs. Hermes guarantees enable exporters to cover themselves against economic risks and political risks, including bad debt losses and loss of goods due to legislative measures, wars and civil unrest, and it is widely used for exports to the countries, which are not members of the Organisation for Economic Co-operation and Development.
Source: Sputnik