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: 31 Jan 2014 | Removal date: open ended

Trade finance

On 31 January 2014, the Department of Agriculture approved funding to support an export operation carried out by Louis Dreyfus Co. Oilseeds Merchandising Llc. The total amount granted was USD 17 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
1001 Wheat and meslin.
100119 Other
100199 Other
012 Vegetables
1209 Seeds, fruit and spores, of a kind used for sowing.
120991 Vegetable seeds
014 Oilseeds & oleaginous fruits
1207 Other oil seeds and oleaginous fruits, whether or not broken.
120710 Palm nuts and kernels
120729 Other
120760 Safflower (Carthamus tinctorius) seeds
120770 Melon seeds
120799 Other
018 Sugar crops
1209 Seeds, fruit and spores, of a kind used for sowing.
120910 Sugar beet seeds
019 Forage; natural rubber; living plants; raw vegetable materials
1209 Seeds, fruit and spores, of a kind used for sowing.
120921 Lucerne (alfalfa) seeds
120922 Clover (Trifolium spp.) seeds
120923 Fescue seeds
120924 Kentucky blue grass (Poa pratensis L.) seeds
120925 Rye grass (Lolium multiflorum Lam., Lolium perenne L.) seeds
120929 Other
120930 Seeds of herbaceous plants cultivated principally for their flowers
120999 Other
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

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