2007 Sector Understanding on Export Credits for Civil Aircraft

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.

2007 Arrangement on Officially Supported Export Credits

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.

Official Export Credit Support to Heavily Indebted Poor Countries (HIPC) and Countries that are only eligible for International Development Association Funds (Ida-Only Countries): Statement of Principles (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).

International Development Association (IDA)

Link to the International Development Association website

Aircraft Sector Understanding on Export Credits for Civil Aircraft - Remarks made by Angel Gurría during the Signing Ceremony in Brazil

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.

Related Documents

• Brazil joins OECD countries in landmark pact on civil aircraft export credits

Also Available

• Entendimento no Sector da Aviação sobre Créditos à Exportação para Aeronaves Civís - Observações de Angel Gurría feitas durante a Cerimónia de Assinatura no Brasil
• Entendimento no Sector da Aviação sobre Créditos à Exportação para Aeronaves Civís - Observações de Angel Gurría feitas durante a Cerimónia de Assinatura no Brasil

Brazil joins OECD countries in landmark pact on civil aircraft 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

Related Documents

• Aircraft Sector Understanding on Export Credits for Civil Aircraft - Remarks made during the Signing Ceremony in Brazil

Entendimento no Sector da Aviação sobre Créditos à Exportação para Aeronaves Civís - Observações de Angel Gurría feitas durante a Cerimónia de Assinatura no Brasil

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.

Also Available

• Aircraft Sector Understanding on Export Credits for Civil Aircraft - Remarks made by Angel Gurría during the Signing Ceremony in Brazil
• Aircraft Sector Understanding on Export Credits for Civil Aircraft - Remarks made by Angel Gurría during the Signing Ceremony in Brazil

2007 Country Classification

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.

The Food Economy: Global Issues and Challenges

On 18-19 October 2007 the OECD Directorate of Trade and Agriculture, the Dutch Ministry of Agriculture, Nature and Food Quality and the Dutch Agricultural Economics Research Institute organised the 2nd Conference on the policy and research agenda of the future food supply chain.

Environment and Regional Trade Agreements

How do regional trade agreements make provisions for environmental issues? This book surveys regional and bilateral arrangements, customs unions and free trade agreements to summarise country experiences in the negotation and application of environmental provisions.

Related Documents

• Regional Trade Agreements