Document ID: 31982D0854

COUNCIL DECISION
of 10 December 1982
on the rules applicable, in the fields of export guarantees and finance for export, to certain subcontracts with parties in other Member States of the European Communities or in non-member countries
(82/854/EEC)
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,
Whereas the increasing interdependence of the Member States' economies requires a strengthening of cooperation and the finalization of joint solutions to the particular problems posed in the field of subcontracting by export guarantees and finance,
HAS DECIDED AS FOLLOWS:
Article 1
The detailed rules applicable in each Member State to the automatic inclusion of subcontracts with parties in other Member States of the European Communities or in non-member countries in the cover which may be granted on behalf of or with the support of the State to the principal contractor, and also to the financing of such subcontracts, are defined in the Annex to this Decision.
Article 2
However, Section IV shall not apply to subcontracts relating to export transactions concluded on the basis of credits involving any form of financial support from a Member State.
Article 3
Decision 70/552/EEC (1), is hereby repealed.
This Decision shall enter into force on 1 January 1983.
Article 4
This Decision is addressed to the Member States.
Done at Brussels, 10 December 1982.

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