CELEX: 51979PC0236
Language: en
Date: 1979-05-08
Title: Proposal for a COUNCIL DECISION extending the Decision of 4 April 1978 on the application of certain guidelines in the field of officially supported export credits (submitted to the Council by the Commission)

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COM (79) 236
Vol. 1979/0095
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 ---pagebreak---                                                                    COM(79)236 final
     COMMISSION                                                    Brussels , gth „ 1979
        OF THE
EUROPEAN COMMUNITIES                                               FOR OFFICIAL USE ONLY
    Generot Secretariat
                                             Proposal for a
                                            COUNCIL DECISION
                              extending' the Decision of 4 April 1978 on the
                              application of certain guidelines in the field
                              of officially supported export credits
                                                                                         »
                              ( submitted to the Council by the Commission )
      !
                   COM ( 79 ) 236 final
 ---pagebreak---                 EXPLANATORY MEMORANDUM
          Prolongation of the Council Decision of
          4 April 1978" on the Application of Certain
          Guidelines in the Field of Officially
          Supported Export Credits
1.        On 4 April 1978 the Council decided to apply certain
guidelines for officially supported export credits to third countries
wber'e the repayment term was two y&ars or.mo?e .-
2.        The Decision of 4 April was valid until 31 October 1978 .    It
was* renewed by a Decision dated 16 November 1978 , until 31 May 1979 .
3.        The Community is reasonably satisfied so far with the opera­
tion in practice of these guidelines , which are due to be reviewed
again at the end of May by all the credit-giving countries which apply
them .  It is therefore in the interests of the Community that they
should continue to be applied after 31 May .
4.        However , since application of the guidelines is to be reviewed
shortly , it is desirable that the extension should be for a limited
period only .
5. .      The Commission accordingly proposes that the Council adopt
the Decision of which a draft is attached , thus enabling the guidelines
to continue to be applied until 30 November 1979 .
6.        As before , the guidelines , based on Article 113 of the EEC
Treaty , will apply only to exports going to non-member countries ;
official support granted by Member States for credit on intra-Community
sales will continue to be governed by Articles 92 and 93 and by the
principles laid down by the Commission within the framework of those
provi sions .
 ---pagebreak---                     f PROPOSAI.
              COUNCIL DECISION        *
extending   the Decision of 4 April 1978 on the application
of certain guidelines in the field of officially supported
export credits
THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
Having regard to the Treaty establishing the European Economic
Community , and in particular Article 113 thereof ,
Having regard to the Proposal from the Commission­
 ---pagebreak---                           - 2 -
   Whereas the Council Decision of 4 April 1978 on the application
   of certain guidelines in the fjeld of officially supported export
   credits , as extended by the Decision of 16 November 1978 , ceases
   to be applicable on 31 May 1979 ;
   Whereas , in the interests of the Community and in order to strengthen
   the principle of international cooperation/ it is necessary to extend
s   x
 - for a further period the application by the Community of the guide­
   lines .
   HAS ADOPTED THIS DECISION :
                          Article 1
   The Decision of 4 April 1978 is hereby extended until      November 1979 .
                          Article 2
   This Decision is addressed to the Member States .
                             Done at Brussels ,
                             For the Counci I
                             The President