Improving governmental support for the export credit of foreign trade in the Eurasian space
Автор: Sharov Vitalii F., Pinskaya Milyausha R., Bogachev Sergei V.
Журнал: Economic and Social Changes: Facts, Trends, Forecast @volnc-esc-en
Рубрика: Public administration efficiency
Статья в выпуске: 5 (59) т.11, 2018 года.
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The development of common approaches to the provision of governmental support to export credit within the Eurasian Economic Space streamlines the entry of national producers into foreign markets and the development of foreign trade. The paper aims to justify the need to harmonize the rules according to which the government provides support to foreign trade within the Eurasian Economic Union (EAEU). We analyze principles for determining the minimum rates on export credits (CIRR, Commercial Interest Reference Rates) in national currencies, describe a methodology for determining the value of CIRR and calculating the minimum premium for credit risks adopted by the OECD, and define basic conditions for the provision of related export financing in the OECD. The novelty of our research consists in the fact that we calculate CIRR for EAEU member states in their national currencies in accordance with the provisions of the OECD Arrangement on Export Credits. The calculation technique that we propose contributes to the establishment of harmonized conditions to support the export of industrial products within the EAEU...
International competition, foreign trade, oecd, eaeu, export crediting, cirr, credit risk, linked export financing
Короткий адрес: https://sciup.org/147224102
IDR: 147224102 | DOI: 10.15838/esc.2018.5.59.5
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