ESA extends the temporary removal of all countries listed as ‘marketable risk’ countries under the short-term export-credit insurance Communication
The EFTA Surveillance Authority (ESA) has adopted the decision to extend the effect of the Annex to the Guidelines on short-term export-credit insurance (2021/C 34/06) until 31 December 2021, following the Commission’s decision to do so.
The Commission originally adopted a Temporary Framework for State aid measures to support the economy after the COVID-19 outbreak (2020/C 91 I/01). This decision introduced further flexibility in confirming the temporary non-marketability of certain risks due to a shortage of export-credit insurance. However, such flexibility proved to be insufficient to mitigate the consequences that followed an abrupt withdrawal of private insurers from the short-term export-credit market.