Legal provisions of COM(2022)456 - EU position by the Participants to the Arrangement on Officially Supported Export Credits (“Arrangement”) with regard to the modernisation of the Arrangement

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Article 1

The position to be taken on the Union’s behalf regarding the adoption by the Participants to the Arrangement on Officially Supported Export Credits (‘Arrangement’) of a decision to modernise the rules of the Arrangement shall be based on the Annex to this decision.

Article 2

Where new proposals regarding the subject matter in Annex to this decision are made at, or before, a meeting of the Participants, on which there is not yet a Union position, the Union position shall be specified by means of Union coordination before the Participants are called to adopt an amendment to the Arrangement. In such cases, the Union position shall be in line with existing policies and legislation.

Article 3

This Decision is addressed to the Commission.