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The OECD Arrangement
Export transactions with repayment periods of 2 years or more shall meet the rules of the Arrangement.
The OECD Arrangement on Officially Supported Export Credits was concluded in 1978 as a Gentleman's Agreement. Since then it has been repeatedly amended, expanded and rendered more precise. The current version can be consulted under Downloads on this web site. The participants in the OECD Arrangement agree to abide by certain rules with respect to provision of officially supported export credits.
The participants in the Arrangement are:
- Australia
- Canada
- European Union
- Japan
- New Zealand
- Norway
- South Korea
- Switzerland
- United States
For the members of the European Union, the OECD Arrangement represents binding law.
Key rules
The OECD Arrangement applies to officially supported export credits with a repayment term of two years or more. The most important disciplines of the Arrangement cover the following aspects:
- Size of down payment
- Local costs
- Maximum credit terms
- repayment conditions
- Minimum interest rates (CIRR)
- Minimum premiums for political risk
- Aid-related credits
- Project financing
- Renewable Energies and Water Projects