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PR(05)16: State Aid Guidelines concerning short-term export-credit insurance re-enacted

17.6.2005

The EFTA Surveillance Authority decided today to re-enact Chapter 17A of the State Aid Guidelines. Chapter 17A provides for rules on short-term export-credit insurance. The re-enacted chapter will be valid until 31 December 2005.

The Authority’s decision follows the publication of a Commission communication concerning the prolongation of the Communication on short-term export-credit insurance.

For further information, please contact: Mr. Rolf-Egil Tønnesen, Deputy Director, Competition & State aid Directorate, tel. (+32)(0)2 286 18 56, or Ms. Marie Wiersholm, National Expert, Competition & State aid Directorate, tel. (+32)(0)2 286 18 65. 

 

What does chapter 17A of the EFTA Surveillance Authority’s State Aid Guidelines contain?

In some EEA States, official export-credit agencies insure short-term export risks, for the account or with the guarantee of the State, by financing transactions both within the EEA and with a large number of third countries. The fact that these credit-insurance agencies enjoy certain financial advantages granted by the State enables them to offer better credit-insurance terms, and this may distort competition in relation to private insurers. Chapter 17 A of the State Aid Guidelines aims to remove distortions of competition due to state aid in the export-credit insurance sector.

17 June 2005




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