Mandate:    -   Report by the Special Meeting of the Trade Committee on Export Credits and Credit Guarantees [C(63)141, Annex]

-   Minutes of the 56th Meeting of the Council on 10th December 1963 [C/M(63)22(Final), Annex, Item 225] and Resolution of the Council adopted at its 1404th session on 11 December 2019 [C(2019)166].

-   Minutes of the 176th session of the Trade Committee on 25th October 2019 [TAD/TC/M(2019)2/ANN]

 

 

Annex A to document [TAD/ECG(2019)8]

 

 

MANDATE OF THE WORKING PARTY ON EXPORT CREDITS AND CREDIT GUARANTEES

 

1.   At its meeting on 5th and 6th November 1963, the Trade Committee considered the report of the special meeting on export credits and credit guarantees held on 23rd and 24th October 1963 [TC(63)42] and decided to set up a “Group on Export Credits and Credit Guarantees”, which was noted by the Council on 10th December 1963 [C(63)141, Annex and C/M(63)22(Final), Annex, Item 225]. The name of the Group was changed in 1998 to “Working Party on Export Credits and Credit Guarantees” (hereafter the “Working Party”) [C/M(98)17/PROV and C(98)145].

 

2.   The Working Party is made up of senior government officials with a major responsibility in the formulation of policies in this field, accompanied by senior officials of the export credits and credit insurance institutions. It is open to Members and invited non-Members, in accordance with the Revised Resolution of the Council on Partnerships in OECD Bodies [C(2012)100/REV1/FINAL], which have in existence facilities for financing or guaranteeing export credits that are controlled or assisted, directly or indirectly, by government or para-governmental bodies; representatives of the European Union may attend the meetings of the Working Party.

 

3.   The Working Party is charged with carrying forward the work of the OECD in this field. In particular, it is responsible for holding regular exchange of views on the policies pursued by the Governments of Member countries, in the field of export credits and credit guarantees, with the general objectives of:

 

   ·   Evaluating these policies;

   ·   Determining the problems which arise;

   ·   Resolving or mitigating these problems by multilateral discussion;

   ·   Promoting a level playing field; and

   ·   Promoting coherence between Members’ policies regarding officially supported export credits, their relevant international policies, and their commitments under relevant international agreements and conventions.

 

4.   Further objectives should be to aim, on the basis of experience acquired from the exchange of views, at:

 

   ·   Working out common guiding principles; and

   ·   Considering all possibilities of improving co-operation between Member countries in this field by such means as prior consultation, prior notification and/or a question-and-answer procedure or by other suitable means.

 

5.   In order to reach the objectives set out in paragraphs 3 and 4 above, and to facilitate the exchange of views, the Working Party is requested to make all necessary arrangements for the collection and management of the information required. It shall periodically review its information system and make whatever improvements may be necessary.

 

6.   Account should be taken of the work in other relevant OECD Committees, including the undertakings reached in those Committees, and appropriate liaison should be established between the work arising from the exchange of views envisaged and the work of those Committees. In particular, the Working Party shall take whatever measures it considers desirable, in consultation with the Chair of the Development Assistance Committee (DAC) and the Secretariat, to ensure adequate co-ordination of its work with that of the DAC.

 

7.   The Working Party shall have full latitude and discretion to pursue its work, to designate its bureau members, to establish the form of liaison it considers necessary with relevant bodies of the Organisation, and to determine the frequency and manner of its reporting. When the reports of the Working Party call for action by the Organisation as such, they shall be forwarded in toto to the Council, with any comments the Trade Committee may wish to make.