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EUROPEAN COMMUNITIES
The Comcil
COUNCIL DECISION
of 16 December 1970
Brussels. 1 August 1-72
D.D. 992/72 (8 597)
CA 12.00
w/i
185
on the rules applicable, in the fields of export guarantees and finance for export, to certain sub-contracting in other member countries of the European Communities or in non-member countries
(70/552/EEC)
OJ. No I. 284 - 30.12.70
P. 59
THE COUNCIL OF THE EUROPEAN COMMUNITIES,
HAVING RESARD to
the Treaty eate busting the Emcpean Econcmc
Pitiría 103 Community, and in particular bones) setting up a
Policy Coordination Group Tor Credit Insurance, Credit Guarantees and Financial Credits;
HAVING REGARD to the first report of the Policy Coordination Group for Credit Insurance, Credit Guarantees and Financial Credits, approved by the Council at its meeting of 14/15 May 1962;
HAVING REGARD to the principles approved by the Council relating to automatic inclusion of sub-contracts with parties in other member countries of the
in the cover which may be European Communities or in non-member countries, granted to the principal contractor;
HAVING REGARD to the proposal from the Commission;
WHEREAS, after the tranzitional period has ended, the common export policy is to be based on uniform principles; whereas this Decision. will,
consequently, only apply to relations with third countries;
MIEREAS it is necessary to specify the conditions and procedure for application of those principles;
HAS DECIDED AS FOLLOWS:
Article 1
The rules applicable in eac
Member State to the automatic inclusion,
of sub-contracts with parties in other member countries of the European Communities or in non-membe the principal contracter, art to this Decision.
Article 2
countries in the cover which may be granted to defined in the provisions set out in the Annex
Those provisions shall apply to the sub-contracting, fescribed in that Annex and relating to export Trans: tions concluded on the basis of privately guaranteed credita. They sha I also apply, as regaris Sections 1, 11 and IV,
(1) OJ No 66, 17 October 1961
P 13,9/60
D.D. 992/72 (E 557)