(Euractiv, Brussels, 20 November 2018) MEPs need to follow the lead of the European Ombudsman and force the European Commission to shine light on the opaque role of national Export Credit Agencies. An important milestone in this direction was set by recent decisions of the Ombudsman Emily O’...
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2018/10/29
Country: Iran
Issue: European Union
(Financial Tribune, Tehran, 20 October 2018) Global Export Credit Unions participating in a meeting of the Berne Union Credit and Investment Insurers this week backed sustained cooperation with Iran despite the US move earlier this year to pull out of the historic nuclear agreement. According...
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2018/08/28
Issue: European Union, Transparency
(Bankwatch, Prague, 9 July 2018) The European Ombudsman has sided with the civil society demanding the European Commission to improve its oversight of the EU Export Credit Agencies (ECAs). The decision upholds an earlier ruling that required the Commission to ensure better compliance of these...
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2018/07/27
Issue: Common Approaches, European Union, Human Rights, OECD
Member: Corner House, Re:Common
(European Ombudsman, Brussels, 17 July 2018) Following a complaint launched by ECA Watch members, the European Ombudsman has determined that the European Commission wrongly decided not to carry out a human rights impact assessment before agreeing to the 2015 Sector Understanding on Export...
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2018/06/30
Country: Iran, USA
Issue: European Union, Human Rights, Nuclear
(Wall Street Journal, Washington, 6 JUne 2018) Senior European officials conceded in a letter to the Trump administration that their efforts to save the Iranian nuclear accord by maintaining major trade, investment and export credits with Tehran are buckling in the face of planned U.S....
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2018/06/30
Country: Germany, Iran
ECAs: Euler Hermes Deutschland AG
Issue: European Union, Nuclear
(Financial Tribune, Tehran, 17 June 2018) The German government has set up a special office to advise companies worried about their business dealings with Iran amid fears they will be targeted for US sanctions. The European signatories to a 2015 nuclear agreement with Iran—Germany, France and...
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2018/06/30
Issue: European Union, Human Rights, Transparency
(ECA Watch, Amsterdam, 28 June, 2018) ECA-watch applauds the European Ombudsman’s ruling on maladministration of the European Commission in checking compliance of European Export Credit Agencies with EU law In a landmark ruling...
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Briefings & reports from ECA watch members
2018/06/28
Issue: European Union, Human Rights, Transparency
PRESS RELEASE
ECA-watch applauds the European Ombudsman’s ruling on maladministration of the European Commission in checking compliance of European Export Credit Agencies with EU law...
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2018/05/31
Country: France, Germany, Iran, United Kingdom, USA
ECAs: COFACE, Euler Hermes Deutschland AG, UK Export Finance (UKEF)
Issue: European Union, Nuclear
(Reuters, Paris/Brussels, 3 May 2018) France, Britain and Germany all say they will stay in the deal even if the United States withdraws, and try to protect and foster European trade and ECA support with Iran, which has soared since the European Union lifted most of its economic sanctions. Iran...
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2018/04/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: European Union
(EURACTV, Brussels, 6 April 201) It used to be a Eurosceptic fantasy for the Commonwealth to replace the EU as the UK’s main trading partner. That may still be a fantasy, but Theresa May’s government sees the organisation, which includes Australia, Canada, Ghana, India, Nigeria, Pakistan and...
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2018/04/30
Country: Iran, USA
Issue: European Union
(Guardian, London, 23 March 2018) The EU is looking to provide European companies trading with Iran access to emergency credit lines and funding support if Donald Trump presses ahead with his plan to withdraw from the Iran nuclear deal. A US pullout, leading to the reimposition of a tough...
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Briefings & reports from ECA watch members
2018/03/01
Issue: Climate Change, Common Approaches, Debt, European Union, OECD, Transparency, World Trade Organization
The full publication of this new 136 page report is available here.
Between 2015 and 2017, Finance & Trade Watch and Bankwatch, together with their national partners, researched...
2018/02/28
Issue: Climate Change, Common Approaches, Debt, European Union, Human Rights, OECD, Transparency
Member: Bank Track, Finance & Trade Watch
(Finance & Trade Watch and CEE Bankwatch, Dec. 2017) Export credits are big business. Members of the industry’s Berne Union, both state and private, insured approximately USD 1.9 trillion per year between 2012 and 2016, of which USD1 trillion was state ECA insured. That amount far...
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