New guidelines adopted on European short-term export-credit insurance

(4-Traders, Annecy, 30 January 2013) The EFTA Surveillance Authority has adopted new guidelines for the assessment of state aid in the context of short-term export-credit insurance. The new guidelines are based on experience gained in applying the previous guidelines on short-term export-credit insurance, in particular during the financial crisis between 2009 and 2011. The rules set out in these guidelines will help to ensure that state aid does not distort competition among private and public or publicly supported export-credit insurers and to create a level-playing field among exporters.