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
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Inception date: 11 Sep 2015 | Removal date: open ended

Trade finance

On 11 September 2015, the Export-Import Bank of the United States (EXIM) granted a working capital guarantee to Scm Metal Products, Inc. The bank guaranteed a USD 10.8 million loan facility. The support is linked to an export contract of products or services classified by EXIM in the category of 'Primary Metal Products - NEC'.

EXIMs working capital guarantee funding backs the loans from commercial lenders to U.S. businesses that export over the term of the loan. With this support, the government-owned corporation gives the commercial lender the confidence to provide funding to American businesses to produce US-made exports. Under the scheme, a US business applies to a commercial lender for a working capital loan to fulfil an international sale and EXIM guarantees the transaction minimising risks.

According to EXIM, its mission is to provide trade finance 'in cases where the private sector is unable or unwilling to provide financing or when such support is necessary to level the playing field due to financing provided by foreign governments to their exporters that compete with U.S. exporters'.

EXIM is the export credit agency of the United States that provides competitive financing to businesses to facilitate the export of U.S. goods and services to foreign buyers. EXIM provides direct loans, loan guarantees, export credit insurance, and guarantees of working capital loans to help businesses compete in foreign markets.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

411 Basic iron & steel
7205 Granules and powders, of pig iron, spiegeleisen, iron or steel.
720521 Of alloy steel
720529 Other
413 Basic precious metals & metals clad with precious metals
7106 Silver (including silver plated with gold or platinum), unwrought or in semimanufactured forms, or in powder form.
710610 Powder
7108 Gold (including gold plated with platinum) unwrought or in semimanufactured forms, or in powder form.
710811 Powder
415 Unfinished products of copper, nickel, aluminium, lead, zinc or tin
7406 Copper powders and flakes.
740610 Powders of nonlamellar structure
740620 Powders of lamellar structure; flakes
7504 Nickel powders and flakes.
750400 Nickel powders and flakes.
7603 Aluminium powders and flakes.
760310 Powders of nonlamellar structure
760320 Powders of lamellar structure; flakes
7903 Zinc dust, powders and flakes.
790390 Other
416 Other non-ferrous metals, cerments & articles thereos
8101 Tungsten (wolfram) and articles thereof, including waste and scrap.
810110 Powders
8102 Molybdenum and articles thereof, including waste and scrap.
810210 Powders
8103 Tantalum and articles thereof, including waste and scrap.
810320 Unwrought tantalum, including bars and rods obtained simply by sintering; powders
8108 Titanium and articles thereof, including waste and scrap.
810820 Unwrought titanium; powders
8109 Zirconium and articles thereof, including waste and scrap.
810920 Unwrought zirconium; powders
8112 Beryllium, chromium, germanium, vanadium, gallium, hafnium, indium, niobium (columbium), rhenium and thallium, and articles of these metals, including waste and scrap.
811221 Unwrought; powders
811292 Unwrought; waste and scrap; powders
429 Other fabricated metal products
7415 Nails, tacks, drawing pins, staples (other than those of heading 83.05) and similar articles, of copper or of iron or steel with heads of copper; screws, bolts, nuts, screw hooks, rivets, cotters, cotterpins, washers (including spring washers) and simila
741510 Nails and tacks, drawing pins, staples and similar articles
7616 Other articles of aluminium.
761610 Nails, tacks, staples (other than those of heading 83.05), screws, bolts, nuts, screw hooks, rivets, cotters, cotterpins, washers and similar articles

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