IMPLEMENTATION LEVEL

National

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: 07 Jul 2009 | Removal date: open ended

Trade finance

On 7 July 2009, the Department of Agriculture approved funding to support an export operation carried out by Cargill, Incorporated. The total amount granted was USD 33 million. The operation was located in United States of America. The support was granted through the Export Guarantee Program programme.

The Export Credit Guarantee Program (GSM-102) provides credit guarantees to encourage financing of commercial exports of U.S. agricultural products. By reducing financial risk to lenders, credit guarantees encourage exports to buyers in countries, mainly developing countries that have sufficient financial strength to have foreign exchange available for scheduled payments. The program guarantees credit extended by the private banking sector in the U.S. (or, less commonly, by the U.S. exporter) to approved foreign banks using dollar-denominated, irrevocable letters of credit for purchases of U.S. food and agricultural products by foreign buyers. USDA Foreign Agricultural Service (FAS) administers the program on behalf of the Commodity Credit Corporation (CCC), which issues the credit guarantees.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

011 Cereals
1006 Rice.
100610 Rice in the husk (paddy or rough)
014 Oilseeds & oleaginous fruits
1207 Other oil seeds and oleaginous fruits, whether or not broken.
120729 Other
120799 Other
019 Forage; natural rubber; living plants; raw vegetable materials
5201 Cotton, not carded or combed.
520100 Cotton, not carded or combed.
162 Salt & pure sodium chloride; sea water
2501 Salt (including table salt and denatured salt) and pure sodium chloride, whether or not in aqueous solution or containing added anticaking or freeflowing agents; sea water.
250100 Salt (including table salt and denatured salt) and pure sodium chloride, whether or not in aqueous solution or containing added anticaking or freeflowing agents; sea water.
216 Vegetable oils
1511 Palm oil and its fractions, whether or not refined, but not chemically modified.
151110 Crude oil
151190 Other
1513 Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified.
151319 Other
151329 Other
1514 Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified.
151411 Crude oil
151419 Other
151491 Crude oil
151499 Other
1515 Other fixed vegetable fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified.
151511 Crude oil
151519 Other
151521 Crude oil
151529 Other
151530 Castor oil and its fractions
151590 Other
231 Grain mill products
1006 Rice.
100620 Husked (brown) rice
100630 Semimilled or wholly milled rice, whether or not polished or glazed
100640 Broken rice
232 Starches & starch products; sugars & sugar syrups n.e.c.
1702 Other sugars, including chemically pure lactose, maltose, glucose and fructose, in solid form; sugar syrups not containing added flavouring or colouring matter; artificial honey, whether or not mixed with natural honey; caramel.
170290 Other, including invert sugar and other sugar and sugar syrup blends containing in the dry state 50 % by weight of fructose
233 Preparations used in animal feeding; lucerne meal & pellets
2309 Preparations of a kind used in animal feeding.
230910 Dog or cat food, put up for retail sale
230990 Other
235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170114 Other cane sugar
170199 Other
236 Cocoa, chocolate & sugar confectionery
1806 Chocolate and other food preparations containing cocoa.
180690 Other
352 Pharmaceutical products
3004 Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packin
300410 Containing penicillins or derivatives thereof, with a penicillanic acid structure, or streptomycins or their derivatives
300420 Containing other antibiotics
300431 Containing insulin
300432 Containing corticosteroid hormones, their derivatives or structural analogues
300439 Other
300440 Containing alkaloids or derivatives thereof but not containing hormones, other products of heading 29.37 or antibiotics
300450 Other medicaments containing vitamins or other products of heading 29.36
300490 Other
354 Chemical products n.e.c.
3826 Biodiesel and mixtures thereof, not containing or containing less than 70 % by weight of petroleum oils or oils obtained from bituminous minerals.
382600 Biodiesel and mixtures thereof, not containing or containing less than 70 % by weight of petroleum oils or oils obtained from bituminous minerals.

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