Considerations on COM(2018)542 - EU position in the Meeting of the Participants to the Arrangement on Officially Supported Export Credits

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dossier COM(2018)542 - EU position in the Meeting of the Participants to the Arrangement on Officially Supported Export Credits.
document COM(2018)542 EN
date July 19, 2018
 
(1) The guidelines contained in the Arrangement on Officially Supported Export Credits (‘the Arrangement’) apply in the Union by virtue of Regulation (EU) No 1233/2011 of the European Parliament and of the Council 6 7 .

(2) The 140th session of the Meeting of the Participants to the Arrangement, to take place in the week the 14th November 2018, is to adopt a decision to expand the scope of Annex V of the Arrangement on Officially Supported Export Credits (Sector Understanding on Export Credits for Rail Infrastructure) to include cable cars and trolleybuses, as proposed by the Union.

(3) It is appropriate to establish the position to be taken on the Union's behalf in the Meeting of the Participants to the Arrangement in respect of that proposal.

(4) Cable cars and trolleybuses are currently not covered by Annex V to the Arrangement. To facilitate the financing of these types of infrastructure, especially in emerging countries, it would be appropriate to expand the scope of Annex V taking into account the difficulties of the public entities normally developing these projects to access finance, the useful life of these infrastructures and their environmental benefits.