ANNOUNCEMENT 13 Oct 2011In October 2011, the government of Australia announced a change in its trade finance instruments.
NUMBER OF INTERVENTIONS
On October 13, 2011, Australia's Export Finance and Insurance Corporation (EFIC) provided a USD 582,000 export working capital guarantee to TTG Transportation Technology Pty Ltd, specialising in the provision of train management software, focusing on fuel efficiency and timetable achievement. The guarantee was provided in order to facilitate the company's contractual duties related to a project acquired through a tender in the UK.
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.