ANNOUNCEMENT 10 Oct 2011

In October 2011, the government of Australia announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



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


Inception date: 10 Oct 2011 | Removal date: open ended

Trade finance

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.

AFFECTED SECTORS

 
021

AFFECTED PRODUCTS

 
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