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Article: Eighth Country Ratifies Cape Town Treaty on Cross-Border Financing of Large Commercial Aircraft and Aircraft Engines, Enables Agreement to Enter Into Effect Next Year.
- Article from:
- PR Newswire
- Article date:
- November 3, 2005
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Ex-Im Bank Urges More Countries to Ratify Treaty and Realize Benefits
WASHINGTON, Nov. 3 /PRNewswire/ -- The Export-Import Bank of the United States (Ex-Im Bank) today announced that the Cape Town Treaty, an international treaty to facilitate the cross-border financing and leasing of large commercial aircraft and aircraft engines, is now on track to enter into effect on March 1, 2006, following the accession to the treaty by Malaysia yesterday in Rome, Italy. Malaysia became the required eighth country to ratify or accede to the treaty and the related aircraft protocol.
On Tuesday, November 2, 2005, the government of Malaysia deposited its instruments ...