AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 28 August 2014, the Australian export credit agency Efic published its 2013/14 annual report. The report included a list of all beneficiaries of trade finance for the given fiscal year.
One of these beneficiaries was United World Enterprises Pty Ltd, which was offered thirteen export working capital guarantees worth 14.12 million AUD for exports to China. The Annual Report does not specify the exported goods but a news article quoted on the company's website (cf. Sources) mentiones that UWE exports mostly feed and cattle to China.
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 2014, was set as the inception date.
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