Arrangement on Officially Supported Export Credits [antikvár]

CHAPTER I: GENERAL PROVISIONS1.PURPOSEa)The main purpose of the Arrangement on Officially Supported Export Credits, referred to throughout this document as the Arrangement, is to provide a framework for the orderly use of officially supported export credits.b)The Arrangement seeks to foster a level playing field for official support, as defined in Article 5 a), in order to encourage competition among exporters based on quality and price of goods and services exported rather than on the most favourable officially supported financial terms and conditions.2.STATUSThe Arrangement, developed within the OECD framework, initially came into effect in April 1978 and is of indefinite duration. The Arrangement is a Gentlemen's Agreement among the Participants; it is not an OECD Act1, although it receives the administrative support of the OECD Secretariat (hereafter: "the Secretariat").3.PARTICIPATIONThe Participants to the AiTangement currently are: Australia, Canada, the European Union, Japan, Korea, New Zealand, Norway, Switzerland and the United States. Other OECD Members and non-members may be invited to become Participants by the current Participants.4.INFORMATION AVAILABLE TO NON-PARTICIPANTSa)The Participants undertake to share information with non-Participants on notifications related to official support as set out in Article 5 a).b)A Participant shall, on the basis of reciprocity, reply to a request from a non-Participant in a competitive situation on the financial terms and conditions offered for its official support, as it would reply to a request from a Participant.5.SCOPE OF APPLICATIONThe Arrangement shall apply to all official support provided by or on behalf of a government for export of goods and/or services, including financial leases, which have a repayment tenn of two years or more.