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 ?
In 2005, the United States made several changes to both its cotton and export credit guarantee programs in an attempt to bring them into compliance with WTO recommendations; however, Brazil argued that the U.
USDA-operated export credit guarantee programs, which were first
may have to change the export credit guarantee programs and eliminate restrictions on planting fruit and vegetable crops on program acreage.
disciplines on export credit guarantee programs contemplated by WTO
export credit guarantee programs were consistent with WTO obligations.
As a result, USDA announced that it would make a number of administrative changes in its export credit guarantee programs to comply with the WTO ruling, including removal of a 1% cap on fees charged under the GSM-102 (short term) export credit guarantee program and termination of the GSM-103 (intermediate term) guarantee program.
USDA's export credit guarantee programs (GSM-102, GSM-103, and SCGP) underwrite credit extended by private U.
USDA's export credit guarantee programs (GSM-102, GSM 103, and SCGP) underwrite credit extended by private U.
Agricultural Exports Agricultural Export and Food Aid Programs Export Subsidies Export Enhancement Program (EEP) Dairy Export Incentive Program (DEIP) Market Development Programs Market Access Program (MAP) Foreign Market Development Program (FMDP) Export Credit Guarantees Export Credit Guarantee Programs (GSM-102 and GSM-103) Foreign Food Aid P.
7) USDA's export credit guarantee programs (GSM102 and GSM 103) underwrite credit extended by private U.
The FSRIA reauthorizes USDA-operated export credit guarantee programs, first established in the Agricultural Trade Act of 1978, to facilitate sales of U.

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