AWV

The abbreviation “AWV” stands for the Foreign Trade and Payments Ordinance, an important legal regulation in the field of German economic policy. The AWV serves to regulate international trade, in particular with regard to the exchange of goods, services and capital with foreign partners.

The AWV lays down various provisions relating to the foreign trade activities of companies and private individuals. These include regulations on export control, foreign exchange management, the obligation to report cross-border transactions and the obligation to obtain approval for certain transactions with foreign countries.

The purpose of the AWV is to protect Germany’s economic interests, guarantee the security and stability of international financial markets and ensure compliance with international agreements and sanctions. It is also intended to help promote fair competition and safeguard national security interests.

The AWV is monitored and enforced by various government agencies, including the Federal Ministry for Economic Affairs and Energy and the Federal Office of Economics and Export Control (BAFA). Companies involved in international trade must comply with the provisions of the AWV and, if necessary, obtain the relevant licenses.

Overall, the AWV plays an important role for German foreign trade and helps to shape the framework conditions for international trade. Clear and transparent regulations are intended to safeguard both the interests of the German economy and Germany’s international obligations in the area of foreign trade.