Traduction de «Mécanisme de crédit agroalimentaire » (Français → Anglais) :

Credit unions are financial cooperatives that provide access to credit and savings facilities to their members.

It may, however, instead of applying this tax credit mechanism, grant a refund of the withholding tax.

4. The Member State of residence for tax purposes of the beneficial owner may replace the tax credit mechanism referred to in paragraphs 2 and 3 by a refund of the withholding tax referred to in Article 11.

According to the hon. member, the fact that the United States are not ratifying the Kyoto protocol will have a negative impact on Canada (1125) When one is familiar with the emissions trading system, one should know that if the Kyoto protocol is not signed by the United States, this will directly impact on the costs of such trading, and thus on demand.

The machinery for medium-term financial assistance, which was set up in 1971 (see Annex), was overhauled in 1978 to meet the needs of the EMS and should have been consolidated with the other credit mechanisms on transition to the institutional phase of the EMS.

On that occasion, the Council took the view that the Commission's proposal - then under examination -to raise by 2 000 million ECU the ceiling on outstanding borrowing under the Community's other medium-term loan mechanism (Community balance-of-payments loans) should not lead to an increase in the total amount of medium-term financial support which could be granted under the two mechanisms. Since the ceiling for the Community balance-of-payments loan mechanisms was raised from 6 000 million ECU to 8 000 million ECU on 1 May 1985 (see memo IP(85)173, 30 April 1985), the Commission is now presenting its proposal for a Decision formalizing ...[+++]the reduction agreed, which applies to the ceilings as amended by the Act of Accession of Spain and Portugal in 1985.