The Participants to that Sector Understanding decided in 2005 to review its provisions and Brazil joined these discussions. A revised Sector Understanding on Export Credits for Civil Aircraft came into force on 1 July 2007.
The 2007 version of the Arrangement text contains new provisions applicable to the Aircraft sector, to repayment profiles, to project finance-type transactions and to projects in the renewable energy and water sectors; this new Arrangement text came into effect on 1st July 2007.
Members of the OECD Working Party on Export Credits and Credit Guarantees (ECG) recognise the importance of the World Bank and International Monetary Fund Debt Sustainability Framework for Low-Income Countries (DSF).
Link to the International Development Association website
The OECD Secretary-General hailed the accord as a breakthrough in international trade diplomacy in a highly competitive sector. He predicted that "the agreement will focus competition for sales of civil aircraft on price and quality instead of on levels of government support”. Brazil is the first non-OECD country to join OECD countries in a trade pact relating to export credits.
The world’s major civil aircraft exporting countries, including OECD countries and Brazil, announced a landmark agreement limiting government support for export deals
O Secretário Geral da OCDE acolheu este acordo como uma etapa decisiva na diplomacia do comércio internacional num sector altamente competidor. O Secretário Geral previu que "o acordo focalizará a concorrência da venda dos aviões civis sobre o preço e a qualidade em vez dos níveis de sustentação do governo. O Brasil é o primeiro país não membro a juntar-se aos países da OCDE para um pacto de comércio sobre Créditos à Exportação.
English, , 362kb
2007 Classification of countries according to per capita gross national income (GNI) to determine maximum repayment term and tied aid eligibility under the Arrangement in force as of 24 July 2007.
English, , 102kb
The OECD Scheme for the Control of Forest Reproductive Material Moving in International Trade.
Presentations and other documents from the Global Forum on Agriculture held in Rome on 12-13 November 2007