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Proposal for a Council Decision on coordination and information procedures in matters of officially supported export credits, credit insurance, credit guarantees and financial credits. COM (92) 502 final, 1 December 1992s

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Abstract

,p' ' ··•·.·.·COMdiSSION OF THE EUROPEAN COI\NUNITIES COM(92) 502 f ina I ____ Jir:usse Is, 1 December 1992 . --- .. Proposa I for a COUNCIL PECISION on coordination and information procedures in matters of officially suppo~ted export credits, credit insurance, credit guarantees and financial credits (presented by the Commission) Barbara Rectangle Barbara Sticky Note Completed set by Barbara Barbara Rectangle Barbara Sticky Note Completed set by Barbara Barbara Rectangle Barbara Sticky Note Completed set by Barbara Barbara Rectangle Barbara Sticky Note Completed set by Barbara - EXPLANATORY MEMORANDUM The Arrangement on guidelines in the field of officially supported export credits (the OECD "Arrangement") was first incorporated into Community law by a 1978 Council Decision. This Arrangement provides the international framework for official support for export credits. The EEC is o~e of the Participants in this Arrangement. In 1973 the Community, by way of a Council Decision, imposed upon· itself procedural rules for a certain type of credits. Since 1978 these rules have been applied alongside the rules of the Arrangement. Recently, modifications to the OECD Arrangement have been negotiated (the so-called Helsinki-package). These new rules have been adopted by Council Decision of 23rd March 1992. The rules of the Arrangement have to be implemented on a case by case basis. Until now the Community has adopted its position on the basis of an informal mandate agreed by unanimity in a Council Working Group. Only modifications to the Arrangement text as such have been negotiated following the procedure laid down by article 113 of the EEC treaty. It has become apparent that more ·formal procedures are necessary for the Community to adopt a position in the. meeting of the Participants, especially since the question whether certain projects are eligible for tied or partially untied aid credits has become a c

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