ANNOUNCEMENT 24 May 2012

In May 2012, the government of Australia announced a change in its trade finance instruments.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 24 May 2012 | Removal date: open ended
Still in force

Trade finance

Australia's Export Credit Agency, the Export Finance and Insurance Corporation (EFIC) provided (according to a media release of 24 May 2012) an export finance guarantee amounting at USD 47.5 million to the Russian Bryansk Meat Company (part of Miratorg Agribusiness Holding). The purpose of the issued guarantee is 'to help the export of Australian breeding beef cattle to Bryansk for the establishment of a fully integrated cattle breeding and beef production facility in Russia'.

AFFECTED SECTORS

 

AFFECTED PRODUCTS