By Charlotte GAUCHON
31 March 2025
An exporter who offers advantageous financing often wins the contract. For a long time, this logic led governments to subsidise their exporters with subsidised loans. The result was costly and sterile competition between economic powers. The OECD Arrangement: origin and legal nature The Arrangement on Officially Supported Export Credits has its origins in the rules established as early as 1953 by the Berne Union. These initial initiatives, promoted by the credit insurance organisations, aimed to limit the escalation of public aid. It was finally under the aegis of the OECD that, from 1974 onwards, increasingly restrictive agreements were drawn up to provide a framework for public support for export credits. The version currently in force dates from 1 July 2007. The Arrangement is neither an international treaty nor an official act of the OECD. It is a «gentlemen's agreement» - a non-binding agreement between participants. The text itself specifies...
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