Committee on Agriculture - Special Session - WTO Negotiations on Agriculture - Export Credits for Agricultural Products - Proposal by MERCOSUR (Argentina, Brazil, Paraguay and Uruguay), Bolivia, Chile, Cost[...] Guatemala, India and Malaysia
21 March 2001 (01-1371) Committee on Agriculture
Special Session Original: English
EXPORT CREDITS FOR AGRICULTURAL PRODUCTS
Proposal by MERCOSUR (Argentina, Brazil, Paraguay and Uruguay),
Bolivia, Chile, Costa Rica, Guatemala, India and Malaysia1
During the Uruguay Round, Members undertook, under the Agreement on Agriculture, to "work toward the development of internationally agreed disciplines to govern the provision of export credits, export credit guarantees or insurance programmes and, after agreement on such disciplines, to provide export credits, export credit guarantees or insurance programmes only in conformity therewith".
This set of disciplines has not yet been developed in the WTO, which is the appropriate forum for the negotiation of the "internationally agreed disciplines" on export credits. Thus, Article 10.2 of the Agreement on Agriculture remains unimplemented.