Smart rules for fair trade
Subtitle: 50 years of export credits
Contributors: OECD iLibrary
Publisher: OECD
Published: 2011
Place of publication: Paris
Language: eng
Number of pages: 235
ISBN-13: 9789264111738; 9789264111745
Subjects: Export credit
Other titles: 50 years of export credits; OECD 50
Description: On the 50th anniversary of the OECD, we examine the unique work the organisation performs in regulating and rationalising governments’ use of export credits in support of exports, jobs, economic growth and national interests more broadly. This work is part of a global post war effort to emphasise multilateral co operation and sound economic policies to promote co operation, efficiency and prosperity rather than destructive competition, controversy and conflict.OECD export credits work is one of the basic building blocks of the ever growing structure of global trade agreements that aim to maintain open and efficient markets. The objective is to eliminate subsidies and unfair practices in the economic competition that forms the foundation of a healthy and dynamic global economy. The elimination of official financing subsidies in global trade is only a part of the broader trade policy agenda, but it is a vital part, and has been delegated to the OECD by the WTO.

Since financing is the life blood of trade flows, specialised OECD housed work allows trade to flow efficiently for aircraft and other capital goods while other trade policy work and litigation continue at the WTO.The export credits work at the OECD is described in this collection of essays. However it is about much more than the series of agreements described herein. It is more fundamentally about the governments and their people - policy makers and experts - who gather at the OECD to build collectively a system of export credits disciplines that is fair, transparent, adaptable and effective. It is therefore as much about people and ideas as anything else. The export credit secretariat pictured above represents only the latest in a long line of OECD staff committed to facilitate and advise this work.The OECD’s motto on its 50th anniversary is "Better Policies for Better Lives." This reminds us that in the end, it is policies that are at the centre of human well being.

And export credits work is about promoting these better policies by developing "smart rules" that open markets and maintain a level playing field and by bringing people and governments together to this end.
Notes: "This work is published on the responsibility of the Secretary-General of the OECD"--T.p. verso.

"Corrigenda to OECD publications may be found online at: www.oecd.org/publishing/corrigenda"--T.p. verso.

OECD code: 22 2011 03 1 P

Includes bibliographical references.

Also available online to subscribers.