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: 25 Jul 2012 | Removal date: open ended

Trade finance

On 25 July 2012, the Export-Import Bank of the United States (EXIM) supported exports from Caterpillar, Inc. Specifically, the bank guaranteed a USD 21.98 million loan to Ferrexpo Belanovo Mining located in Ukraine. The guarantee will support the purchase of products or services classified by the bank under the category 'Mining Machinery and Equipment - Except Oil and Gas'.

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. The bank 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

429 Other fabricated metal products
8207 Interchangeable tools for hand tools, whether or not power operated, or for machinetools (for example, for pressing, stamping, punching, tapping, threading, drilling, boring, broaching, milling, turning or screw driving), including dies for drawing or e
820713 With working part of cermets
820719 Other, including parts
442 Machine-tools & parts
8467 Tools for working in the hand, pneumatic, hydraulic or with selfcontained electric or nonelectric motor.
846711 Rotary type (including combined rotarypercussion)
444 Machinery for mining, quarrying & construction; parts
8430 Other moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; piledrivers and pileextractors; snowploughs and snow blowers.
843031 Selfpropelled
843039 Other
843041 Selfpropelled
843049 Other
8431 Parts suitable for use solely or principally with the machinery of headings 84.25 to 84.30.
843149 Other
8474 Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores or other mineral substances, in solid (including powder or paste) form; machinery for agglomerating, shaping or moulding solid mineral fuels,
847410 Sorting, screening, separating or washing machines
847420 Crushing or grinding machines
847490 Parts

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