Considerations on COM(2022)63 - EU position in the written procedure by the Participants to the Arrangement on Officially Supported Export Credits amending Annex IV

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dossier COM(2022)63 - EU position in the written procedure by the Participants to the Arrangement on Officially Supported Export Credits amending ...
document COM(2022)63 EN
date February 24, 2022
 
(1) The guidelines contained in the Arrangement on Officially Supported Export Credits (the ‘Arrangement’) have been transposed, and hence been made legally binding in the Union by virtue of Regulation (EU) No 1233/2011 of the European Parliament and of the Council6.

(2) In accordance with Article 9 of Annex IV of the Arrangement, the Participants shall undertake a review of its Appendix III by the end of 2020, with a view to assessing the international initiatives related to adaptation, market conditions, and the body of experience developed from the notification process to determine if the definitions, project criteria, terms and conditions should be continued and or amended.

(3) The participants are to decide by written procedure on an envisaged decision to amend Appendix III of Annex IV to the Arrangement.

(4) The envisaged decision should be in line with the international commitments of the European Union pursuant to the Paris Agreement and the Union’s climate policy.

(5) It is appropriate to establish the position to be taken on the Union's behalf regarding a written procedure of the Participants to the Arrangement, as the envisaged decision of the Participants to the Arrangement will be binding on the Union and capable of decisively influencing the content of Union law, by virtue of Article 2 of Regulation (EU) No 1233/2011.