8. 8. 97 Official Journal of the European Communities No L 216/77 (Acts whose publication is not obligatory) COUNCIL COUNCIL DECISION of 24 July 1997 on amendments to the OECD Arrangement on guidelines in the field of officially supported export credits (97/530/EC) THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty establishing the European Community, and in particular Article 113 thereof, Having regard to the proposal of the Commission, Whereas it remains necessary to minimize counter- productive competition in the field of officially supported export credits and to reinforce international cooperation; Whereas, in order to give effect to the principle of inter- national cooperation, the Community is a participant in the Arrangement on guidelines for officially supported export credits concluded in the framework of the OECD (hereinafter called the Arrangement), which was brought into force in the Community by a Council Decision of 4 April 1978, as last amended by Decision 97/173/EC (); Whereas the participants in the Arrangement have drawn up a series of measures, to which the Community should subscribe, for the amendment of Annex IX to the Arran- gement and for a new Annex thereto, : () OJ No L 69, 11. 3. 1997, p. 19. HAS ADOPTED THIS DECISION: Article 1 Annex IX to the Arrangement shall be replaced by Annex IX annexed hereto. Article 2 The Arrangement shall be supplemented by the addition of Annex X annexed hereto. Article 3 This Decision is addressed to the Member States. Done at Brussels, 24 July 1997. For the Council The President M. FISCHBACH