IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 30 Jun 2015 | Removal date: open ended
Still in force

Trade finance

On 27 August 2015, the Australian export credit agency Efic published its 2014/15 annual report. The report included a list of all beneficiaries of trade finance for the given fiscal year.
One of these beneficiaries was Wellard Rural Exports Pty Ltd, which was offered a funded export finance guarantee worth 21.4 million AUD for a dairy cattle and related infrastructure project in Sri Lanka.
Given that Efic does not provide the exact date that the trade finance deal was signed, the most conservative date, i.e. the 30 June 2015, was set as the inception date.
No affected trading partners were selected as Sri Lanka has in recent years imported cattle worth at least 1 million USD only from Australia.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

021 Live animals
0102 Live bovine animals.
010221 Purebred breeding animals
010229 Other
010239 Other
010290 Other

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