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export credit agency

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3 - Export Credit Agencies
- By Kamala Dawar
Edited by Miriam Manchin, Politecnico di Milano, Laura Puccio, Université Libre de Bruxelles, Aydin B. Yildirim, Eidgenössische Technische Hochschule Zürich
Book:

Coherence of the European Union Trade Policy with Its Non-Trade Objectives

Published online:

19 October 2023

Print publication:

02 November 2023, pp 61-88
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Summary

This chapter sets out the challenges and controversies in public export financing in the EU. It puts forward a statement of the problem concerning the inadequacy of the international rule book in regulating Export Credit Agencies (ECAs) with a specific focus on non-transparency. The chapter then sets out what is known about the operation of ECAs internationally and in the EU, before highlighting what is unknown about both the market and the activities of ECAs. The chapter concludes with a call for greater data transparency to underpin international cooperation efforts to develop a more inclusive and sustainable legal framework to prevent a race to the bottom in the provision of subsidies in the form of public export finance and to promote the Sustainable Development Goals through the work of ECAs.