2.2.2001 Official Journal of the European Communities L 32/1 (Acts whose publication is not obligatory) COUNCIL COUNCIL DECISION of 22 December 2000 replacing the Decision of 4 April 1978 on the application of certain guidelines in the field of officially supported export credits (2001/76/EC) THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, and in particular Article 133 thereof, Having regard to the proposal from the Commission, Whereas: ()  The Community is party to the OECD Arrangement on guidelines for officially supported export credits, hereinafter referred to as ‘the Arrangement’; (2) The Arrangement is the subject of a Council Decision of 4 April 1978, which was extended by Decision 93/112/ EEC (1) and last amended by Decision 97/530/EC (%); (3) The participants in the Arrangement have drawn up a new consolidated text which comprises all the amendments approved by them since the revision of the Arrangement, which was made applicable by Decision 93/112/EEC; (4 In accepting the amendments and additions to the Arrangement made by Decision 97/530/EC, the Community had inter alia subscribed to a statement of principle by the participants in the Arrangement in which they expressed their intention to investigate guiding principles with a view to producing convergence among export credit premiums; (5)  The participants in the Arrangement drew up a series of additional guiding principles covering the establishment of minimum benchmarks for sovereign risk and country risk in connection with the premiums attached to officially ~supported export credits; those guiding principles were incorporated into the new consolidated () OJ L 44,22.2.1993, p. 1. () OJL 216, 8.8.1997, p. 77. text of the Arrangement in a manner and form compatible with the Arrangement; (6) The text contained in the Annex to the Decision of 4 April 1978 should therefore be replaced by the consolidated text of the Arrangement; that Decision, Decision 93/112/EEC and Decision 97/530/EC should consequently be repealed, HAS ADOPTED THIS DECISION: Article 1 The guidelines contained in the Arrangement annexed to this Decision shall apply in the Community. Article 2 The Decision of 4 April 1978 and the Annex thereto shall be replaced by this Decision and its Annex. Consequently, the Decision of 4 April 1978, Decision 93/112/EEC and Decision 97/530/EC shall be repealed. Article 3 This Decision is addressed to the Member States. Done at Brussels, 22 December 2000. For the Council C. PIERRET The President