Legal provisions of COM(2024)459 - EU position at the meetings of Participants to the OECD Arrangement on Officially Supported Export Credits in relation to common lines on the minimum down payment requirement

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dossier COM(2024)459 - EU position at the meetings of Participants to the OECD Arrangement on Officially Supported Export Credits in relation to ...
document COM(2024)459 EN
date October 15, 2024

Contents

Article 1

The position to be adopted on the Union's behalf in the written procedure by the Participants to the Arrangement on Officially Supported Export Credits as regards future proposals by other Participants for common lines on the minimum down payment requirement shall be to reject any future common line presented by a Participant in relation to the minimum down payment requirement pursuant to Article 11 a) of the Arrangement if the common line is horizontal in nature and applies to more than one specific transaction.

Article 2

The Commission shall transmit in sufficient time before each meeting of the Participants a document containing proposed common lines referred to in Article 1 to be discussed at that meeting to the Council Working Group on Export Credits for discussion.

Article 3

This Decision shall be assessed and, where appropriate, revised by the Council upon a proposal from the Commission, at the latest three years after the adoption of this Decision.

Article 4

This Decision shall enter into force on the date of its adoption.

It shall apply until three years after its adoption.