97/530/EC: Council Decision of 24 July 1997 on amendments to the OECD Arrangement on guidelines in the field of officially supported export credits

COUNCIL DECISION of 24 July 1997 on amendments to the OECD Arrangement on guidelines in the field of officially supported export credits (97/530/EC)
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Article 113 thereof,
Having regard to the proposal of the Commission,
Whereas it remains necessary to minimize counterproductive competition in the field of officially supported export credits and to reinforce international cooperation;
Whereas, in order to give effect to the principle of international cooperation, the Community is a participant in the Arrangement on guidelines for officially supported export credits concluded in the framework of the OECD (hereinafter called the Arrangement), which was brought into force in the Community by a Council Decision of 4 April 1978, as last amended by Decision 97/173/EC (1);
Whereas the participants in the Arrangement have drawn up a series of measures, to which the Community should subscribe, for the amendment of Annex IX to the Arrangement and for a new Annex thereto,