Document ID: 32001D0076

Council Decision
of 22 December 2000
replacing the Decision of 4 April 1978 on the application of certain guidelines in the field of officially supported export credits
(2001/76/EC)
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the European Community, and in particular Article 133 thereof,
Having regard to the proposal from the Commission,
Whereas:
(1) The Community is party to the OECD Arrangement on guidelines for officially supported export credits, hereinafter referred to as "the Arrangement";
(2) The Arrangement is the subject of a Council Decision of 4 April 1978, which was extended by Decision 93/112/EEC(1) and last amended by Decision 97/530/EC(2);
(3) The participants in the Arrangement have drawn up a new consolidated text which comprises all the amendments approved by them since the revision of the Arrangement, which was made applicable by Decision 93/112/EEC;
(4) In accepting the amendments and additions to the Arrangement made by Decision 97/530/EC, the Community had inter alia subscribed to a statement of principle by the participants in the Arrangement in which they expressed their intention to investigate guiding principles with a view to producing convergence among export credit premiums;
(5) The participants in the Arrangement drew up a series of additional guiding principles covering the establishment of minimum benchmarks for sovereign risk and country risk in connection with the premiums attached to officially supported export credits; those guiding principles were incorporated into the new consolidated text of the Arrangement in a manner and form compatible with the Arrangement;
(6) The text contained in the Annex to the Decision of 4 April 1978 should therefore be replaced by the consolidated text of the Arrangement; that Decision, Decision 93/112/EEC and Decision 97/530/EC should consequently be repealed,
HAS ADOPTED THIS DECISION:
Article 1
The guidelines contained in the Arrangement annexed to this Decision shall apply in the Community.
Article 2
The Decision of 4 April 1978 and the Annex thereto shall be replaced by this Decision and its Annex.
Consequently, the Decision of 4 April 1978, Decision 93/112/EEC and Decision 97/530/EC shall be repealed.
Article 3
This Decision is addressed to the Member States.
Done at Brussels, 22 December 2000.

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