Trade and Investment: Press Releases
Giving human rights credit: EU countries agree to toughen export loan scrutiny
A press release from ECA-Wach, Amnesty International and Eurodad. It welcomes EU permanent representatives' endorsement of the European Parliament’s proposal to make national export credit agencies (ECAs) more accountable for the support they give companies doing business around the world. The three organisations believe this move will increase transparency and human rights compliance and hope that this will trigger more ambitious reforms in EU capitals, leading to a general reform in global ECA standards.
| Document | Size |
|---|---|
 ECAs Press Release 290611-1.pdf | 23.09 KB |
Export Credit Agencies’ funding of disastrous nuclear projects put in the spotlight at G20 meeting
A press release launched on the opening day of a meeting of the Organisation for Economic Cooperation and Development’s (OECD) Nuclear Energy Agency. It explains how Export Credit Agency (ECA) support for the nuclear industry has increased the burden on indebted nations, fuelled the India, Pakistan arms race and continues to prop up a non financially viable industry.
| Document | Size |
|---|---|
| funding nuclear times.pdf | 162.51 KB |
European Parliament demands that Export Credit Agencies open up
This press release by ECA-Watch outlines the importance of the European Parliament’s adoption of a proposal to regulate Export Credit Agencies (ECAs). This move will make ECAs more transparent on where their funds come from and go to, as well as how they charge for social and environmental risks. Furthermore, the Parliament requires ECAs to comply with EU human rights objectives in their activities, and to phase out the subsidising of fossil fuel projects in line with commitments adopted by the G20 in 2009.
| Document | Size |
|---|---|
| press release export credit legislation.pdf | 489.43 KB |
Hope that G-20 will close loophole and end all fossil fuel subsidies
Released the day before the November 2010 G-20 summit in Seoul, this press release by ECA-Watch outlines why G-20 leaders should ensure ECAs are included in efforts to end fossil fuel subsidies.
| Document | Size |
|---|---|
| ECA Watch G20 press release.pdf | 104.08 KB |
G-20 public funds still subsidising tax shy companies
Launched to coincide with the release of Avoiding Solutions: How ECAs help companies that continue to evade tax, this press release calls upon European governments to advocate for a redefined and stricter definition of Tax Havens and clear rules to stop ECAs supporting companies that operate through them.
| Document | Size |
|---|---|
| tax havens press release.pdf | 52.9 KB |
Open letter to Comission President Barroso to act to control use and imports of illegal timber
In an open letter to Commission President Barroso, FERN, Greenpeace, FoE, WWF and Global Witness express their concern that a legislative proposal to control the import and use of illegal timber, as part of the EU FLEGT Programme, has been postponed again.
| Document | Size |
|---|---|
| OPEN | 254.99 KB |
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