ANNOUNCEMENT 07 Dec 2011In December 2011, the government of Australia announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
EFIC Website, media release of December 7, 2011: http://www.efic.gov.au/news/2011mediareleases/Pages/EFIC-supports-Lean-Field-with-working-capital-guarantee.aspx?utm_source=seo&utm_medium=press-release&utm_campaign=seo-efic-press-release-Lean-Field-dec11-111207
On December 7, 2011, Australia's Export Finance and Insurance Corporation (EFIC) provided a credit line and an export working capital guarantee to Lean Field Developments Pty Ltd, specialising in the provision of construction services for oil and gas field developments.
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.