Proposal for a Decision on the position to be taken in the meeting of the participants to the Arrangement on Officially Supported Export Credits

Further information:

The proposed Decision concerns the position to be taken on the Union's behalf in the November 2018 meeting of the participants to the Arrangement on Officially Supported Export Credits, in connection with the envisaged adoption of a decision on the expansion of the scope of Annex V of the Arrangement to include cable cars and trolleybuses.

Background:

The Arrangement is a Gentlemen's Agreement between the EU, the US, Canada, Japan, Korea, Norway, Switzerland, Australia and New Zealand which aims to provide a framework for the orderly use of officially supported export credits. In practice, this means providing for a level playing field (whereby competition is based on the price and quality of the exported goods and not on the financial terms provided) and working to eliminate subsidies and trade distortions related to officially supported export credits. The Arrangement entered into force in April 1978.