Arrangement for Official Support of Export Credit (Revised in 2005)

Author: OECD, translated by China Export & Credit Insurance Corporation
Publisher:
Publish Date: 2006-12-01
Features: The Arrangement on Officially Supported Export Credits, commonly known as the "" (Gentlemen's Agreement), is an important reference document in the international export credit industry. New circumstances have led to new choices and the emergence of new institutional arrangements. Many developing countries have established their own ECAs to effectively manage trade risks and actively provide financing facilities to support their competitive and strategic industries. The OECD's "Gentlemen's Agreement" has naturally become a key reference for these ECAs in formulating related policies. The reference and significance of the "Gentlemen's Agreement" is not limited to the financial sector; it can also serve as an important guide for export enterprises to actively participate in international competition and effectively address financing issues. The "Gentlemen's Agreement" reflects not only the national interests and demands of the signatory countries but also the wishes and requirements of export enterprises in various countries. This Arrangement aims to promote greater consistency in the official support conditions for export credits among countries and encourage exporters to compete based on the quality and price of goods and services.
Taking China as an example, in competitive industries such as power equipment manufacturing and shipbuilding, the ability to effectively utilize ECA support to resolve financing issues has become a decisive factor in international competition. The Arrangement on Officially Supported Export Credits, commonly known as the "Gentlemen's Agreement," is an important reference document in the international export credit industry. New circumstances have led to new choices and the emergence of new institutional arrangements. Many developing countries have established their own ECAs to effectively manage trade risks and actively provide financing facilities to support their competitive and strategic industries. The OECD's "Gentlemen's Agreement" has naturally become a key reference for these ECAs in formulating related policies. The reference and significance of the "Gentlemen's Agreement" is not limited to the financial sector; it can also serve as an important guide for export enterprises to actively participate in international competition and effectively address financing issues. The "Gentlemen's Agreement" reflects not only the national interests and demands of the signatory countries but also the wishes and requirements of export enterprises in various countries. This Arrangement aims to promote greater consistency in the official support conditions for export credits among countries and encourage exporters to compete based on the quality and price of goods and services.
Taking China as an example, in competitive industries such as power equipment manufacturing and shipbuilding, the ability to effectively utilize ECA support to resolve financing issues has become a decisive factor in international competition.