28-Feb-2011 4:05 PM
New OECD understanding on aircraft financing
Analysis
OECD announced a new aircraft sector understanding (ASU) was been signed on 25-Feb-2011 between five signatory governments: Brazil, Canada, the European Union (including France, Germany, Italy and the UK), Japan and the US. The ASU updates rules on the use of state financing in support of commercial aircraft exports by signatories. Russia and China participated in discussions on the new agreement during 2010 but have not yet decided to join.
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