Business, Innovation and Skills written question – answered at on 18 October 2011.
To ask the Secretary of State for Business, Innovation and Skills what assessment he has made of the effects on the UK of the proposal for a regulation of the European Parliament and of the Council on the application of certain guidelines in the field of officially supported export credits.
The proposal will have no impact on UK companies.
The proposal relates to official export credit agencies (ECAs), including the UK's Export Credits Guarantee Department (ECGD). It incorporates a recent version of the Organisation for Economic Co-operation and Development (OECD) Arrangement on Officially Supported Export Credits into EU law to replace an earlier outdated version, and introduces new reporting and transparency requirements. ECGD has already aligned its policies and procedures with the version of the OECD arrangement now being adopted into EU law, and ECGD already publishes an annual report and accounts that provides comprehensive information on its operations.
The proposal was considered by the European Scrutiny Committee on
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No0 people think not
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