§ Mr. DafisTo ask the Chancellor of the Exchequer if he will make it his policy to propose common standards for export credit agreements at the Cologne G8 meeting in June. [77080]
§ Mrs. RocheConsiderable work continues to be undertaken within the OECD to ensure that export credit agencies operate on the basis of a level playing field. The imminent introduction on 1 April this year of the OECD premia regime is the latest example of this work. The G8 recognises that the OECD is often the appropriate forum for export credit issues and for this reason has in the past encourage the OECD to seek a common standard on several export credit matters, including the environment and productive expenditure for highly indebted poor countries. We will continue within the G8 to support the work of the OECD Export Credits Group towards developing common standards for export credit agencies.