Middle East Economic Survey

VOL. LI

No 7

18-February-2008

IRAN

German Export Credit Guarantees To Iran Halved In 2007; US Exerts New Pressure

The German government announced on 11 February that new export credit guarantees for trade with Iran in 2007 had been halved to 503.4mn from 1.16bn in 2006. The value of guarantees issued in 2007 slipped to 5.2bn from 2006s 5.6bn. Germany, which provides support through export credit agency (ECA) Euler-Hermes, has been one of the top exporters to Iran,...