Date: 2025-12-04Category: Not ApplicableState: Union GovernmentCountry: Europe
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
**Executive Summary**
This Council Decision (EU) 2025/2474, dated 17 October 2025, establishes the European Union's position regarding amendments to the Sector Understanding on Export Credits for Civil Aircraft. It concerns the obligor risk classification in de minimis transactions involving agricultural aircraft. The decision necessitates supporting the Participant's decision on the matter.
**Key Points / Main Content**
* **Transposition of Arrangement:** The guidelines in the Arrangement on Officially Supported Export Credits, including those in the Aircraft Sector Understanding, have been transposed into Union law via Regulation (EU) No 1233/2011.
* **Amendment to Risk Classification:** Participants to the Aircraft Sector Understanding are to decide on amendments to Section 1 of Appendix II, excluding de minimis transactions (export contracts under USD 5 million) involving agricultural aircraft from obligor risk classification.
* **Rationale for Amendment:** The amendments aim to decrease the administrative burden for the Participants and simplify the obligor risk rating.
* **Union Position:** The Union supports the decision of the Participants on the obligor risk classification in de minimis transactions involving agricultural aircraft, as per the draft text.
* **Minimum premium rates:** 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. For all other transactions with an export value of less than USD 5 million a Participant not wishing to follow the risk classification procedure shall apply the risk classification '8' for the buyer/borrower which is the subject of the transaction.
* **Working Day Period:** For transactions with an export contract value of less than USD 5 million, a five working-day period shall apply.
* **Entry into Force:** This Decision enters into force on the date of its adoption (17 October 2025).
**Impact Analysis**
**Participants to the Sector Understanding on Export Credits for Civil Aircraft**
* **Impact:** Reduced administrative burden and simplified obligor risk rating for de minimis transactions involving agricultural aircraft.
* **Action Required:** 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 involving agricultural aircraft from the obligor risk classification procedure. 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. For all other transactions with an export value of less than USD 5 million a Participant not wishing to follow the risk classification procedure shall apply the risk classification '8' for the buyer/borrower which is the subject of the transaction.
**European Union**
* **Impact:** Union law will be influenced by the decision of the Participants due to Article 1 of Regulation (EU) No 1233/2011.
* **Action Required:** 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 the Decision.
Key Entities Referenced
Arrangement on Officially Supported Export Credits: An international agreement on export credits, within the framework of the Organisation for Economic Cooperation and Development (OECD).
Sector Understanding on Export Credits for Civil Aircraft: Annex III to the Arrangement on Officially Supported Export Credits. Sets specific rules for export credits related to civil aircraft.
Regulation (EU) No 1233/2011: EU regulation transposing guidelines from the Arrangement on Officially Supported Export Credits into EU law.
European Union: The political and economic union to which the decision relates.
Participants: Entities that are part of the Sector Understanding on Export Credits for Civil Aircraft.
Official Journal EN
of the European Union L series
2025/2474 4.12.2025
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(1).
(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.
(1) 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).
ELI: http://data.europa.eu/eli/dec/2025/2474/oj 1/3EN
OJ L, 4.12.2025
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
2/3 ELI: http://data.europa.eu/eli/dec/2025/2474/ojEN
OJ L, 4.12.2025
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.
ELI: http://data.europa.eu/eli/dec/2025/2474/oj 3/3