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.S.
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Export credit guarantee programs. Through the GSM-102 Program and
may have to change the
export credit guarantee programs and eliminate restrictions on planting fruit and vegetable crops on program acreage.
Export credit guarantee programs for commercial financing of U.S.
United States operated three principal
export credit guarantee programsexport credit guarantee programs were consistent with WTO obligations.
Those include an agreement to eliminate all agricultural export subsidies by the end of 2013; an agreement to eliminate food aid that displaces commercial sales and to operate
export credit guarantee programs in a manner that covers their costs; and an agreement to classify the United States' counter-cyclical payments as blue box (and thus not subject to reduction commitments).
Export Credit Guarantee Programs. USDA's
export credit guarantee programs (GSM-102, GSM-103, and SCGP) underwrite credit extended by private U.S.
Export Credit Guarantee Programs. USDA's
export credit guarantee programs (GSM-102, GSM 103, and SCGP) underwrite credit extended by private U.S.
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.L.
(7) For information on these programs, see CRS Report IB98006, Agricultural Export and Food Aid Programs; or USDA, Foreign Agricultural Service, "
Export Credit Guarantee Programs," at [http://www.fas.usda.gov/excredits/default.htm].
The Administration has more discretion over the implementation of the
export credit guarantee program, since it may choose simply not to operate the program or to provide credit only for WTO scheduled commodities.