The European Parliament adopted by 670 votes to 27, with 15 abstentions, a resolution on the first annual report from the Commission to the European Parliament on the activities of Member States’ Export Credit Agencies.
Members recall that the main objective of reporting on the activities of Member States’ Export Credit Agencies (ECAs) is to monitor the compliance of these ECAs with the international disciplines applicable to export credits and with obligations laid down in the Treaty on t the European Union (TEU), and in particular its Articles 3 and 21 which define the principles governing the Union’s relations with the rest of the world as well as the guiding principles of the Unions action on the international stage.
Importance of the reporting obligations: export credit programmes of the Member States constitute an important instrument to enhance trade and business opportunities for European companies.
Given the broad scale of the Member States’ export credit activities, Parliament highlights the importance of Recital 4 of Regulation (EU) 1233/2011 on the application of certain guidelines in the field of officially supported export credits, which calls for compliance with the Union’s general provisions on external action, such as consolidating democracy, respect for human rights and policy coherence for development, and the fight against climate change. Members recall, in this regard, the importance of the specific reporting requirements formulated in Annex I of the regulation to ensure that the Commission and Parliament are able to make an assessment of this compliance.
Evaluation of reports: Parliament welcomes the Commission’s efforts to establish a framework for annual reporting by Member States on their export credit activities in order to step up transparency at EU level. It commends the fact that the Commission report clearly indicates the scale and importance of the Member States’ export credit activities during 2011, which amount to a total exposure of more than EUR 250 billion (including 260 transactions with reported high environmental implications) and which translate into significant trade and business opportunities for European companies.
Members stress, however, that the annual reports of the Member States, and the Commission’s evaluation of these reports, do not yet satisfy Parliament’s intention to be able to make an assessment as to whether the Member States’ export credit activities’ are in compliance with the Union’s foreign policy goals, as enshrined in Articles 3 and 21 TEU, and with the regulations in force for treatment of environmental risks in the calculation of ECA premiums.
Benchmarking ECA compliance with the Union's external action goals: Members share the view of the Commission in it annual report according to which it is difficult to define a precise benchmark to measure compliance with Community law.
As a result, Parliament:
Contacts with non-OECD countries: Members applaud the efforts undertaken in 2012 by the Commission, together with the USA, to engage China, Brazil, Russia and other major emerging economies in the setting up of the International Working Group of Major Providers of Export Finance (IWG).
Parliament suggests that the relevance of a sectoral approach in developing the IWG be explored in order to build the base for horizontal provisions in a second phase that will ensure the common adoption of effective and high standards, and of new international rules on ECAs, by all OECD and non-OECD countries, with a view to ensuring a level playing field.