ANNOUNCEMENT 04 Jan 2019

The Australian EXIM bank announced the approval of an export finance guarantee worth AUD 35 million (over USD 24.8 million) to support the exports of a local manufacturing company.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Efic, Transaction register for 1 July 2018-20 December 2018. Available at: https://www.efic.gov.au/media/5365/signing-summary-web-version-2019-01-04-08-10-05.pdf

Inception date: 20 Dec 2018 | Removal date: open ended
Still in force

Trade finance

On 4 January 2019, the Australian export credit agency Efic has issued a transaction register of trade finance transaction beneficiaries covering transactions made in the period 1 July 2018 up until 20 December 2018.

One of these beneficiaries was Honan Holdings Pty Ltd, which was offered an export finance guarantee of a total value of AUD 35.00 million (over USD 28.8 million) for financing the export of grain mill product manufacturing to the United States of America.

AFFECTED SECTORS

 

AFFECTED PRODUCTS