Annual review of Member States’ annual activity reports on export credits in the sense of Regulation (EU) No 1233/2011

Further information:

Regulation (EU) No 1233/2011 on the application of certain guidelines in the field of officially supported export credits foresees in its Annex I that Member States shall make available to the Commission an Annual Activity Report in order to increase transparency at Union level. The Commission shall produce an annual review for the European Parliament based on this information.

The present annual review covers the calendar year 2015. As regards the scope of this exercise, it concerns export credit activities in the sense of Regulation (EU) No 1233/2011, i.e. "medium and long term" transactions with a repayment period of 2 years or more. This review covers neither short term export credit transactions nor activities carried out by certain Export Credit Agencies (ECAs) outside the field of export credits (such as investment insurance).

It must also be noted that in the case of some Member States, the function of Export Credit Agency is performed by an insurance company operating under a public mandate. In such cases, management of the public export credit programme is strictly separated from other private sector activities (the latter of which are of course excluded from the present review).