Promotes economic development, export control, and energy efficiency.
The Bundesamt für Wirtschaft und Ausfuhrkontrolle (BAFA), or Federal Office for Economic Affairs and Export Control, is a German federal agency under the Federal Ministry of Economics and Technology. It plays a crucial role in Germany's economic and export policies. BAFA's main responsibilities include export control, economic development promotion, and energy efficiency. In export control, BAFA oversees the export of German goods, particularly weaponry and dual-use technology, ensuring compliance with international regulations and embargoes. The agency also supports small and medium enterprises to enhance their competitiveness through management consulting and international trade fair assistance. In the energy sector, BAFA promotes efficient energy use and sustainable energy supply. It offers incentives for renewable energy developments, including solar thermal energy, biomass, and heat pumps. The agency also provides certification for energy-efficient constructions and energy conservation consultants. BAFA administers various funding programs, including the Environmental Bonus for electric vehicles, offering subsidies of up to €9,000 for eligible vehicles. The agency also oversees the implementation of the German Supply Chain Due Diligence Act, which requires large companies to ensure human rights and environmental standards are met throughout their supply chains. While specific financial resources and typical project financing amounts are not readily available, BAFA's diverse programs significantly impact German economic policy and international trade regulations.