Considerations on COM(2024)209 -

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dossier COM(2024)209 - .
document COM(2024)209
date June 21, 2024
 
(1) The guidelines contained in the Arrangement on Officially Supported Export Credits (the ‘Arrangement’) have been transposed, and hence been made legally binding in the Union by virtue of Regulation (EU) No 1233/2011 of the European Parliament and of the Council4.

(2) The sunset clauses for project classes G and I of the Arrangement’s Sector Understanding on Export Credits for Climate Change (‘Climate Change Sector Understanding’) will expire on 30 June 2024.

(3) It is in the interest of the Union that such projects could continue to benefit from the Climate Change Sector Understanding’s favourable terms, and that the possibility of reaching agreement on criteria for these project classes remains. To this effect, the Union should support an extension of the sunset clause, or its replacement with a review clause, until at least 30 June 2026.

(4) It is appropriate to establish the position to be taken on the Union's behalf, because the envisaged decision of the Participants to the Arrangement (‘Participants’) will be binding on the Union and capable of decisively influencing the content of Union law, by virtue of Article 2 of Regulation (EU) No 1233/2011.