Arrangement on Guidelines for Officially Supported Export Credits

An international agreement providing a framework for the provision of export credit guarantees. An export credit guarantee ensures that an exporter receives payment for goods shipped overseas in the event that the customer defaults, reducing the risk to the exporter's business and allowing it to keep its prices competitive. The guarantee is usually provided by a government or quasi-government agency.

The Arrangement is intended to prevent a situation in which different countries use their export credit guarantees to attract business to the detriment of other countries. In other words, the Arrangement seeks to ensure that exports are sold on the basis of their quality rather than because an export credit guarantee offers unfairly favorable terms. The Arrangement is not binding in itself, but has been adopted by most OECD countries.

单词	arrangement on guidelines for officially supported export credits
释义	Arrangement on Guidelines for Officially Supported Export Credits Arrangement on Guidelines for Officially Supported Export Credits An international agreement providing a framework for the provision of export credit guarantees. An export credit guarantee ensures that an exporter receives payment for goods shipped overseas in the event that the customer defaults, reducing the risk to the exporter's business and allowing it to keep its prices competitive. The guarantee is usually provided by a government or quasi-government agency. The Arrangement is intended to prevent a situation in which different countries use their export credit guarantees to attract business to the detriment of other countries. In other words, the Arrangement seeks to ensure that exports are sold on the basis of their quality rather than because an export credit guarantee offers unfairly favorable terms. The Arrangement is not binding in itself, but has been adopted by most OECD countries.
随便看	enesco, georges enescu festival enet eneta enetophobia enetosh enetrap enets enets people e-network research and development experience is the best teacher experience is the father of wisdom experience is the mother of wisdom experience is the teacher experience is the teacher of fools experience-knowledge-information-object experienceless experience music project experience of breast cancer questionnaire experience of care and health outcomes experience optimisation pack experience points experiencer experience rating experience rating form