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Dáil Éireann díospóireacht -
Wednesday, 5 Mar 1997

Vol. 475 No. 8

Written Answers. - Export Credit Insurance.

John Browne

Ceist:

45 Mr. Browne (Wexford) asked the Minister for Tourism and Trade the plans, if any, the Government intends putting forward to the EU Council of Ministers in 1997 to standardise export credit insurance conditions across the Community. [6046/97]

As I outlined to the House on 30 January 1997, the European Commission submitted, in September, 1994, a proposal for a Council directive on harmonisation of the main provisions concerning export credit insurance for transactions with medium and long-term cover. While the principal of harmonisation was supported by all member states, there was strong opposition to the manner through which the Commission proposed this harmonisation should be effected, and, in late 1995, the issue was considered by the General Affairs Council, who requested the Commission to review their proposal.

I understand that the Commission is currently finalising a revised proposal, and, when this is received, I will consider its terms, and what our approach to it should be. This will then be pursued, in the appropriate Council forum.
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