1Council Decision (EU) 2025/2474 of 17 October 2025 on the position to be taken on behalf of the European Union with regard to the decision of the Participants to the Sector Understanding on Export Credits for Civil Aircraft set out in Annex III to the Arrangement on Officially Supported Export Credits on the obligor risk classification in de minimis transactions involving agricultural aircraft

Council Decision (EU) 2025/2474 of 17 October 2025 on the position to be taken on behalf of the European Union with regard to the decision of the Participants to the Sector Understanding on Export Credits for Civil Aircraft set out in Annex III to the Arrangement on Officially Supported Export Credits on the obligor risk classification in de minimis transactions involving agricultural aircraft THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 207(4), first subparagraph, in conjunction with Article 218(9) thereof, Having regard to the proposal from the European Commission, Whereas: (1) The guidelines contained in the Arrangement on Officially Suported Export Credits (the Arrangement), developed within the framework of the Organisation for Economic Cooperation and Development (OECD), including those in the Sector Understanding on Export Credits for Civil Aircraft (the Aircraft Sector Understanding) set out in Annex III to the Arrangement, have been transposed, and thus been made legally binding in the Union by virtue of Regulation (EU) No 1233/2011 of the European Parliament and of the Council Regulation (EU) No 1233/2011 of the European Parliament and of the Council of 16 November 2011 on the application of certain guidelines in the field of officially supported export credits and repealing Council Decisions 2001/76/EC and 2001/77/EC (OJ L 326, 8.12.2011, p. 45, ELI: http://data.europa.eu/eli/reg/2011/1233/oj). . (2) Section 1 of Appendix II to the Aircraft Sector Understanding sets out the risk classification procedures for transactions subject to that Aircraft Sector Understanding. The Participants to the Aircraft Sector Understanding (the Participants) are to decide, by written procedure, on amendments to Section 1 of Appendix II to the Aircraft Sector Understanding which would exclude transactions with an export contract value of less than USD 5 million (de minimis transactions) involving agricultural aircraft from the obligor risk classification procedure. Those amendments would decrease the administrative burden for the Participants and simplify the obligor risk rating. (3) It is appropriate to establish the position to be taken on the Union’s behalf in the written procedure on the draft decision of the Participants, as that decision will be binding on the Union and capable of decisively influencing the content of Union law, by virtue of Article 1 of Regulation (EU) No 1233/2011. (4) The position of the Union should therefore be to support the decision of the Participants on the obligor risk classification in de minimis transactions involving agricultural aircraft based on the draft text attached to this Decision, HAS ADOPTED THIS DECISION:

Article 1

The position to be taken on the Union’s behalf regarding the decision of the Participants to the Sector Understanding on Export Credits for Civil Aircraft set out in Annex III to the Arrangement on Officially Supported Export Credits on the obligor risk classification in de minimis transactions involving agricultural aircraft shall be to support that decision based on the draft text attached to this Decision.

Article 2

This Decision shall enter into force on the date of its adoption. Done at Luxembourg, 17 October 2025. For the Council The President M. Heunicke

Annex

ANNEX APPENDIX II MINIMUM PREMIUM RATES 2 For transactions with an export contract value of less than USD 5 million, if the export involves agricultural aircraft and the ultimate obligor is a farmer or spraying company, a Participant may apply the risk classification it deems appropriate and shall notify the transaction in accordance with Article 24 a) of this Sector Understanding. For all other transactions with an export value of less than USD 5 million (notably those where the ultimate obligor is an airline or aircraft leasing company, regardless of whether the export involves agricultural aircraft) a Participant not wishing to follow the risk classification procedure set out in Articles 6 to 8 of this Appendix shall apply the risk classification 8 for the buyer/borrower which is the subject of the transaction and shall notify the transaction in accordance with Article 24 a) of this Sector Understanding. 3 For transactions with an export contract value of less than USD 5 million, except for transactions to be notified in accordance with Article 24 a) pursuant to footnote 2 of this Appendix, a five working-day period shall apply.