On Thursday, 22 July, the European Commission launched a public consultation inviting all interested parties to comment on a proposal to revise the Short-Term Export-Credit Insurance Communication (STEC).
Interested parties can respond to the consultation during a period of 9 weeks—that is, until 23 September 2021.
Export credits allow foreign buyers of goods and services to defer payment. This payment deferral implies credit risk for the sellers—a risk against which they insure...