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.
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 world’s major civil aircraft exporting countries, including OECD countries and Brazil, announced a landmark agreement limiting government support for export deals
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.
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.
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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.
OECD countries have agreed to a Recommendation that calls for stronger environment-related requirements for export deals to qualify for export credit backing from their governments’ Export Credit Agencies (ECAs).
Summaries of the seven Consultations between the OECD Trade Committee and Non Governmental Organisations.
Summary record of the 111th Meeting of the Working Party on Export Credits and Credit Guarantees held on 23 and 24 April 2007.