Short-Term Business with OECD Rich Markets
In 2005 the European Commission completed a review of the short-term export credit insurance market within the EU. This resulted in a limited amendment to the EU Communication on Short Term Export Credits. The revised Communication, that is now effective until end 2010, maintains the current prohibition on EU Governments providing export credit support for sold on short terms of payment exports within the European Union and to other OECD 'marketable risk' countries, whilst introducing a limited exemption in respect of small and medium-sized enterprises established in any EU Member State that does not have an active private insurance market.
ECGD therefore continues to be prohibited from providing support in respect of exports to EU and other OECD 'marketable risk' countries where the horizon of risk of the manufacturing and credit period is less than two years. Such risks are considered to be ‘marketable’ and remain the preserve of the private sector. A full list of the export markets affected by this prohibition is set out below. The full text of the communication is set out on the EUR-Lex website
Contact
For further information on the EU credit insurance arrangements, contact Paul.Roe@ecgd.gsi.gov.uk on 020 7512 7519.
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This page was last updated in Oct 2007
