Arrangement on Guidelines for Officially Supported Export Credits - Definition. Was ist Arrangement on Guidelines for Officially Supported Export Credits
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Was (wer) ist Arrangement on Guidelines for Officially Supported Export Credits - definition

1996 TREATY AND EXPORT AGREEMENT ON DUAL-USE GOODS AND TECHNOLOGIES
Wassenaar Treaty; The Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies; Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies
  • Participating states of the Wassenaar Arrangement

Arrangement on Guidelines for Officially Supported Export Credits      
The Arrangement is an international agreement under Organization for Economic Cooperation and Development auspices governing the conditions -- such as interest rate, repayment term, and cash downpayment -- of medium- and long-term official export credit;
ECGD         
UNITED KINGDOM GOVERNMENT MINISTERIAL DEPARTMENT
ECGD; Export Credit Guarantee Loan; Export and Investment Guarantees Act 1991; Export Credits Guarantee Department; Export Credit Guarantee Department; UKEF
Export Credit Guarantee Department         
UNITED KINGDOM GOVERNMENT MINISTERIAL DEPARTMENT
ECGD; Export Credit Guarantee Loan; Export and Investment Guarantees Act 1991; Export Credits Guarantee Department; Export Credit Guarantee Department; UKEF
The ECGD of the Department of Industry and Trade is the primary source of official British export credit. The ECGD helps exporters by providing: (a) insurance against the risk of not being paid for exports and (b) guarantees to banks for exporters of capital goods, under which finance can be obtained for export business, often at a favorable rate of interest. Subject to Parliamentary approval, ECDG's short-term underwriting division, the Insurance Service Group, is to be privatized. The medium and long-term underwriting group is introducing a new system for assessing premiums which will more realistically reflect the risk involved. The Department was originally established in 1919; headquarters are in London, England.

Wikipedia

Wassenaar Arrangement

The Wassenaar Arrangement on Export Controls for Conventional Arms and Dual-Use Goods and Technologies is a multilateral export control regime (MECR) with 42 participating states including many former Comecon (Warsaw Pact) countries established in 1996.

The Wassenaar Arrangement was established to contribute to regional and international security and stability by promoting transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies, thus preventing destabilizing accumulations. Participating states seek, through their national policies, to ensure that transfers of these items do not contribute to the development or enhancement of military capabilities which undermine these goals, and are not diverted to support such capabilities.

It is the successor to the Cold War–era Coordinating Committee for Multilateral Export Controls (CoCom), and was established on 12 July 1996, in Wassenaar, the Netherlands, which is near The Hague. The Wassenaar Arrangement is considerably less strict than CoCom, focusing primarily on the transparency of national export control regimes and not granting veto power to individual members over organizational decisions. A Secretariat for administering the agreement is located in Vienna, Austria. Like CoCom, however, it is not a treaty, and therefore is not legally binding.

Every six months member countries exchange information on deliveries of conventional arms to non-Wassenaar members that fall under eight broad weapons categories: battle tanks, armoured fighting vehicles, large-calibre artillery, military aircraft, military helicopters, warships, missiles or missile systems, and small arms and light weapons.