ANNOUNCEMENT 10 Oct 2011In October 2011, the government of Australia announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
EFIC Website, media release of October 10, 2011: http://www.efic.gov.au/news/2011mediareleases/Pages/EFIC-supports-the-supply-of-dairy-cattle-to-Sri-Lanka.aspx?utm_source=seo&utm_medium=press-release&utm_campaign=seo-efic-press-release-wellard-oct11-111010
On October 10, 2011, Australia's Export Finance and Insurance Corporation (EFIC) provided an export finance guarantee to the Dutch Rabobank in order to support a AUD 12.95 million (USD 12 million) dairy infrastructure project in Sri Lanka, undertaken by Australia's Wellard Rural Exports Pty Ltd.
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.