Astrid BoschkerSenior Advisor Offset and Industrial Benefits

Netherlands Ministry of Economic Affairs

Workshop Session"The Application of Abatements in Offset:

towards a Code of Conduct"

3rd International Seminar on Offset and Industrial Cooperation7. - 9. May 2007, Jerusalem

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Contents

1. Background and goal2. Definition3. Benefits4. Guiding principles

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• Background– workshop discussion 2nd Seminar on Industrial

Cooperation and Offset, Madrid– interested countries: UK, Finland, Spain, Belgium,

South-Africa, Israel, The Netherlands

• Goal– Code of Conduct on Mutual Abatements: guiding

principles– Invitation to all interested countries

1. Background and goal

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Arrangement between two or more countries toexchange the value of goods or services purchased bythe government authorities to reduce the offsetcommitments in each of the countries.

The intention is that the industry of each countrybenefits from the transaction by reducing the existingoffset commitment or preventing the need for one.

2. Definition

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• Maximising the beneficial effect of exports• Reduce Offset Costs• Make it easier to export for smaller companies

3. Benefits

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• Application and value• Timing and participants• Number of participants• Procedure of an abatement

4. Guiding principles

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Questions

Discussion