23-Dec-2010 9:57 AM

OECD confirms new agreement on export credits

Organisation for Economic Co-operation and Development (OECD) confirmed a new Aircraft Sector Understanding agreement has established between the US, EU, Brazil, Japan and Canada (Reuters, 22-Dec-2010). The agreement has been sent to national governments for ratification and needs to be formally approved by 20-Jan-2010, to enter into force from 01-Feb-2010.