U.S., EU & Others Reach OECD Agreement on Export Credits for Aircraft
The Organization for Economic Cooperation and Development announced on December 22, 2010 that Aviation Sector Understanding negotiators from the EU, U.S., Brazil, Canada, and Japan, have agreed in principle on new terms for state financing to support the export of…
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commercial aircraft that would move fees closer to market rates and allow for regular adjustments to reflect market developments. Formal approval is expected by January 20, 2011, with entry into force on February 1, 2011.