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Support to farmers in OECD countries accounted for 27% of farm receipts in 2006, a drop of 2 percentage points from 2005. However, for the OECD as a whole, there has been little change in the level of producer support since the late 1990s.
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12 October 2007 - Letter from Mr. Bob Thomson, Facilitator of ECA Watch, to OECD Deputy Secretary General Amano regarding the OECD Council Meeting on Policy Coherence.
This Sector Understanding on Export Credits for Ships which came into force on 8 October 2007; it replaces the previous version of that Understanding, in force since 2002.
Information in respect of Category A and Category B projects notified by Members of the Working Party on Export Credits and Credit Guarantees (ECG) for the year 2006, pursuant to the 2003 OECD Recommendation on Common Approaches on Environment and Officially Supported Export Credits.
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.