International Working Group (IWG) – potential new export financing agreement

The OECD rules do not apply to large countries like China, Brazil, Russia, India and South Africa. That can have a negative impact on competition conditions for Norwegian exporters (and exporters in other OECD countries). In 2011, an initiative was therefore taken to appoint an international working group (IWG) to negotiate a new export financing agreement that applies to more countries. The Norwegian delegation to the IWG is made up of GIEK, Export Credit Norway and the Ministry of Trade, Industry and Fisheries. Arriving at the wording of an agreement will be a long-term project, but in the meantime GIEK also benefits from the information available at group meetings and the opportunity the group provides for important networking.