Source

Council Decision (EU) 2025/2474 of 17 October 2025 on the position to be taken on behalf of the European Union with regard to the decision of the Participants to the Sector Understanding on Export Credits for Civil Aircraft set out in Annex III to the Arrangement on Officially Supported Export Credits on the obligor risk classification in de minimis transactions involving agricultural aircraft

Decision (EU) 2025/2474 · Decision · 3 articles

Data as of 2026-07-04 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Article 1

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The position to be taken on the Union’s behalf regarding the decision of the Participants to the Sector Understanding on Export Credits for Civil Aircraft set out in Annex III to the Arrangement on Officially Supported Export Credits on the obligor risk classification in de minimis transactions involving agricultural aircraft shall be to support that decision based on the draft text attached to this Decision.

Article 2

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This Decision shall enter into force on the date of its adoption.

Supplementary provisions

APPENDIX II

ANNEXSupplementary provisions

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ANNEX APPENDIX II MINIMUM PREMIUM RATES 2 For transactions with an export contract value of less than USD 5 million, if the export involves agricultural aircraft and the ultimate obligor is a farmer or spraying company, a Participant may apply the risk classification it deems appropriate and shall notify the transaction in accordance with Article 24 a) of this Sector Understanding. For all other transactions with an export value of less than USD 5 million (notably those where the ultimate obligor is an airline or aircraft leasing company, regardless of whether the export involves agricultural aircraft) a Participant not wishing to follow the risk classification procedure set out in Articles 6 to 8 of this Appendix shall apply the risk classification ‘8’ for the buyer/borrower which is the subject of the transaction and shall notify the transaction in accordance with Article 24 a) of this Sector Understanding. 3 For transactions with an export contract value of less than USD 5 million, except for transactions to be notified in accordance with Article 24 a) pursuant to footnote 2 of this Appendix, a five working-day period shall apply.

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Source: EUR-Lex (Publications Office of the EU), © European Union, reuse permitted under Commission Decision 2011/833/EU.

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