EU and 10 other members suspend on November 19, 2020, participation in negotiations in the International Working Group on Export Credits

The European Union together with Australia, Brazil, Canada, Japan, Korea, New Zealand, Norway, Switzerland, Turkey and the United States suspended their participation in technical negotiations in the International Working Group on Export Credits. The objective of the working group has been to agree on a new set of international disciplines among the main global providers of government export credit support. The co-signatories of the statement lament the lack of meaningful progress in the negotiations so far and call for a higher level of commitment by all members of the working group to achieve consensus on certain core issues, including in particular transparency into the terms offered in export finance transactions.

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