Export Credit Guarantee

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Export Credit Guarantee

Guarantee from the UK Export Credit Agency.

Export Credit Guarantee

A guarantee of payment made by an export credit agency (ECA). ECAs are government or semi-government agencies that provide guarantees and insurance for exports, and occasionally for imports as well. An export credit guarantee ensures that an exporter receives payment for goods shipped overseas in the event the customer defaults, reducing the risk to the exporter's business and allowing it to keep its prices competitive. The use of export credit guarantees is controversial; critics allege that their existence negatively impacts international development, as developing countries cannot compete with such insured exports. Proponents argue that they enable developing countries to import products they otherwise would not be able to afford.
References in periodicals archive ?
Meanwhile, he welcomed the decision of the United States Department of Agriculture for the addition of Sudan to the export credit guarantee program, indicating the direct and indirect impact of the decision on increasing the exports and enabling the country to import high-quality production inputs to the industry for export.
The new farm bill also significantly tightens an export credit guarantee program that had been used by cotton exporters and subsequently found by the WTO to be unacceptable.
CCC) Export Credit Guarantee program and various agricultural export
This is why the ISA is promoting Cuba's inclusion in the Export Credit Guarantee program and other U.
The Export Credit Guarantee Program (GSM-102) underwrites credit extended by the private banking sector in the United States (or, less commonly, by the U.
cotton support programs and the export credit guarantee program.
The GSM-102 export credit guarantee program (hereafter referred to
cotton programs and the General Sales Manager (GSM) 102 export credit guarantee program available to a range of agricultural commodities.
farm program support payments, but whose exports were otherwise assisted by export credit guarantee program are excluded from this case; WT/DS267/R, p.
The United States also agreed to make what it calls "near term modifications" to the GSM-102 export credit guarantee program, and to engage with the government of Brazil in technical discussions regarding further operation of the program.
export credit guarantee program for agricultural commodities operates as a WTO-illegal export subsidy.
export credit guarantee program will vary from year to year" based on a formula established by the DSB, said the statement.

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