The German government plans to give special support to investments by German enterprises in certain emerging and developing countries, the Economy Ministry announced.
The government has decided to halve the deductible for investment guarantees for 34 countries in the event of a loss and to reduce fees for cover, the ministry said.
The new incentives are part of the diversification strategy to reduce "heavy dependence on a few markets and critical nodes in supply chains."
The countries to which the more favourable conditions apply include Algeria, Kenya, South Africa and Morocco in Africa; India, Indonesia and Thailand in Asia; Argentina, Brazil and Chile in South America; and Turkey, Albania and Serbia in Europe.
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