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DOCUMENTS "COM"
COM(81)22
Vol.1981/0005

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COMMISSION
OFTHE
EUROPEAN COMMUNITIESCOM(81)22final
Brussels,29thJanuary1981
FOROFFICIALUSEONLY
GeneralSecretariat
PROPOSAL FORACOUNCILDECISION
extendingtheDecisionofAApril1978ontheapplication ofcertain
guidelinesinthefieldofofficiallysupportedexportcredits
(presented bytheCommission totheCouncil)
COM(81)22final

EXPLANATORY MEMORANDUM
ExtensionoftheDecisionof4April1978
•ν
ontheapplicationofcertainguidelines
inthefieldofofficiallysupported
exportcredits
1.On4April1978theCouncildecidedtoapplycertainguidelines
forofficiallysupportedexportcreditstothirdcountrieswherethe
repaymenttermwastwoyearsormore.TheDecisionof4Aprilwas
validuntil31October1978.Itwasrenewedbyadecisiondated
16November1978,until31May1979,andsubsequently renewed
•until30November1979(Decisionof12June1979),31May1980
(Decisionof10December1979),30November1980(Decisionof
28May1980)and28February1981(Decisionof8December1980).
2.TheCommunityisreasonablysatisfiedsofarwiththeoperation
ofthisinstrumentofinternational disciplineinthefield-of
exportcredits.ItisthereforeintheinterestsoftheCommunity
thatitshouldcontinuetobeappliedafter28February1981.
However,itisdesirablethattheextensionshouldagainbefora
limitedperiodonly.
3.TheCommissionaccordingly proposesthattheCounciladoptthe
decisionofwhichadraftisattached,thusenablingtheguidelines
tocontinuetobeapplieduntil31-August1981.
4.Asbefore,theguidelines,basedonArticle113oftheEECTreaty,
willapplyonlytoexportsgoingtonon-membercountries;official
supportgrantedbyMemberStatesforcreditonintra-Community
saleswillcontinuetobegovernedbyArticles92and93andacts
basedontheseprovisions,andbytheprincipleslaiddownbythe
Commissionwithintheframeworkofthoseprovisions.

PROPOSAL FORA
*■COUNCILDECISION
extendingtheDecisionof4April1978onthe
application ofcertainguidelinesinthefield
ofofficiallysupportedexportcredits
THECOUNCILOFTHEEUROPEANCOMMUNITIES,
HavingregardtotheTreatyestablishing theEuropeanEconomic
Community,andin;particularArticle113thereof,
HavingregardtotheproposalfromtheCommission,

WhereastheCouncilDecisionof4April1978ontheapplicationof
certainguidelinesinthefieldofofficially ,supportedexport
credits/aslastextendedbytheDecisionof8December1980,ceases
tobeapplicableon28February1981;
Whereas,intheinterestsoftheCommunityandinordertostrengthen
theprincipleofinternational cooperation,itisnecessaryfurther
toextendtheperiodofapplication bytheCommunityofthisinstrument
ofinternational discipline,
HASADOPTEDTHISDECISION :
Article 1
TheDecisionof4April1978ontheapplicationofcertainguidelines
inthefieldofofficiallysupportedexportcreditsishereby
extendeduntil31August1981.
Article2
ThisDecisionisaddressedtotheMemberStates.
DoneatBrussels,
FortheCounciI
ThePresident1981