CELEX: 51986PC0130
Language: en
Date: 1986-03-10
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)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (86) 130
Vol. 1986/0045
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 ---pagebreak---        COMMISSION                                                                                    Brussels, 10 March 1986
            OF THE
EUROPEAN COMMUNITIES                                                                                 FOR OFFICIAL USE ONLY
    G e n e ra l S e c re ta ria t
                                                                  P ro p o s a l f o r a
                                                                COUNCIL DECISION
                           e x te n d in g the Decisio n o f 4 A p r i l               1978 on t h e a p p l i c a t i o n
                                   o f c e r t a i n g u i d e lin e s in the f i e l d      of o f f i c i a l l y
                                                           supported expo rt c r e d i t s
                                        ( s u b m i t t e d t o t h e C o u n c i l by t h e Commission)
    C0MC86) 130 f i n a l
 ---pagebreak---                                EXPLANATORY MEMORANDUM
1. By i t s        Decision o f 4 A p r i l 1978, the Council concluded on b e h a lf
    of the Community the Arrangement on G u id e lin e s f o r O f f i c i a l l y
    Supported Export C re d its               (th e "Consensus").          This D e c is io n has
    been renewed s e v e ra l tim e s .            Following n e g o tia tio n s w ith the o th e r
    P a r t i c i p a n t s , a number of major m o d ific a t io n s have been made, the
    most recent o f which were approved in a Council D ecision of
    17 October 1985.              This Decision i s v a l i d u n t i l 15 A p r i l 1986.
2 . The Commission has always seen the Consensus as an e f f e c t i v e
    ins trum ent o f i n t e r n a t i o n a l d i s c i p l i n e which has helped to reduce
    s u b s id ie s and minimize countei—p ro d u c tiv e c o m p e titio n in the area
    of o f f i c i a l l y    supported e xport c r e d i t s .      I t t h e r e f o r e considers
    th a t i t      i s in the i n t e r e s t s of the Community t h a t th e Consensus
    be extended beyond 15 A p r i l 1986.
3.  The Commission a c c o rd in g ly proposes t h a t the Council adopt the
    a tta c h e d d r a f t Decision e xtending the a p p l i c a t i o n o f the Arrangement
    f o r a f u r t h e r s ix months.
 ---pagebreak---                          PROPOSAL FOR A
                        COUNCIL DECISION
                                    - ~or
        extending the Decision of k April I9 7 S on the
       application of certain guidelines in the field
           of officially supported export credits
Trlii COUNCIL CF TH& EUROPEAN COMM! NITIES,
Having regard to the Treaty establishing the European Economic Community,
and in particular Article 11J -hereof,
Having regard to the proposal from the Commission,
 ---pagebreak---                                   - 2 -
Whereas the Community is party to the Arrangement on guidelines
for officially supported export credits;
Whereas that Arrangement is the subject of the Council Decision of
4 April 1978; whereas the Annex to that Decision was last amended
and supplemented by the Decision of 17 October 1985 »       whereas the
Decision of 4 April 1978 was last extended by the       same Decision;
Whereas,   in the interests of the Community and in order to strengthen
the principle of international cooperation,    it is important that
the Arrangement should continue to apply in the Community in order
to minimize counter-productive competition in the field of officially
supported export credits,
HAS ADOPTED THIS DECISION:
                               Article 1
    Article 5 of the Decision of 4 April 1978 shall be replaced      by
the following:
                       "Article 5
This- decision shall apply up to 15 October 1986 ."
                               Article 2
This Decision is addressed to the Member States.
Done at
                                                  For. the Council
                                                   The President