(World Grain, Kansas City, 15 December 2015) In a letter to the U.S. Department of Agriculture (USDA) and the Office of the U.S. Trade Representative, the American Soybean Association (ASA) led a coalition of agricultural organizations in urging the U.S. Agriculture Secretary to work toward...
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2015/11/30
Country: USA
ECAs: Export-Import Bank of the United States
(CCJ, Washington, 23 November 2015) President Barack Obama signed into law Friday, Nov. 20, a bill to extend highway funding, which includes Ex-Im renewal, for two weeks. A dozen Senators and 28 Representatives have been delegated to a bicameral conference committee tasked with producing a...
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2015/11/30
Country: Brazil, USA
Issue: European Union, World Trade Organization
(Livemint, Delhi, 2 November 2015) The US has demanded ‘safe harbor’ protection for its controversial farm export credit programme from the disciplines underpinning the World Trade Organization’s agreement on subsidies and countervailing measures despite denying such a flexibility to...
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2015/11/30
Country: Canada, India
ECAs: Export Development Canada
(Bloomberg, Ottawa, 4 November 2015) Tata Group, the Indian owner of assets including Jaguar Land Rover and the Tetley Tea brand, will receive as much as $500 million a year in financing from Canada’s government-owned export development bank. EDC will underwrite loans to the Tata Sons...
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2015/10/30
Country: Canada
ECAs: Export Development Canada
Issue: BRIC countries
(Creamer Media, Johannesburg, 29 October 2015) Canada’s official trade finance agency, Export Development Canada (EDC), has formally established permanent offices in Johannesburg, from where it aims to facilitate $10-billion-worth of business between sub-Saharan African and Canadian companies...
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2015/10/30
Country: Germany, USA
ECAs: Euler Hermes Deutschland AG, Export-Import Bank of the United States
Issue: Oil, Gas and Mining
(New York Times, New York, 10 October 2015) In 2013 the people who dreamed up Big River Steel in Arkansas wanted government aid that would help make the project successful — the kind of aid that groups like Heritage Action and Americans for Prosperity, both generously supported by the right-...
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2015/10/30
Country: Japan, USA
ECAs: Export-Import Bank of the United States, Japan Bank for International Cooperation, Nippon Export and Investment Insurance
Issue: Climate Change, Oil, Gas and Mining
(ClimateWire, Washington, 27 October 2015) The Obama administration has crafted a deal with Japan to restrict financing for overseas coal projects, several sources told ClimateWire. The agreement is aimed at influencing other members of the Organisation for Economic Co-operation and Development...
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2015/10/30
Country: USA
ECAs: Export-Import Bank of the United States
(New York Times, Washington, 27 November 2015) The House acted with rare bipartisanship on Tuesday to approve legislation that would reopen the federal Export-Import Bank, after a debate that underscored the split between the party’s traditional pro-business members and ascendant free-market...
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2015/09/30
Country: Canada, China, Japan, United Kingdom, USA
ECAs: EXIM Bank China, Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: BRIC countries
(Global Capital, London, September 2015) The stated aim of the China-backed Asian Infrastructure Investment Bank (AIIB), officially launched in June 2015, is to respond to a need for massive spending across Asia. But its creation has caused political controversy, with supporters arguing it...
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2015/09/30
Country: Canada, USA
ECAs: Export Development Canada, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Aircraft, OECD, World Trade Organization
(Globe & Mail, Toronto, 28 September 2015) General Electric Co. is planning to build a state-of the art $265-million (U.S.) engine plant in Canada, as it shifts more business out of the United States following the collapse of U.S. government-sponsored export financing. GE said Monday it...
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2015/09/30
Country: China, Japan, USA
Issue: Climate Change, Oil, Gas and Mining
(Reuters, London, 30 September 2015) China's promise to curb public funding of "highly polluting projects" has isolated Japan and increased the pressure to close a deal to phase-out coal export subsidies after months of wrangling. The Paris-based Organisation for Economic Cooperation and...
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2015/08/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Fortune, 25 August 2015) In the months leading up to an expected vote to reauthorize the U.S. Export-Import bank, Boeing did what large corporations with lots of cash and deft political maneuvering skills often do so well. It spoke softly and lobbied hard, scattering a few pro-Export-Import...
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2015/07/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Moodys, New York, 22 July 2015) Without the renewal of the US Export-Import Bank charter, which Congress allowed to expire at the end of June 2015, aerospace giant The Boeing Company will take the biggest blow, says Moody's Investors Service in a new report. Moody's does expect that the US...
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2015/07/29
Country: India, USA
ECAs: Export-Import Bank of the United States
Issue: Renewables
(Bloomberg, Washington, 7 July 2015) The U.S. Export-Import Bank’s $1 billion program to boost India’s clean-energy industry has been suspended after the institution’s lending authority lapsed, an Indian government official working on the project said. Indian Renewable Energy Development Agency...
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2015/07/29
Country: USA
ECAs: Export-Import Bank of the United States
(New York Times, Washington, 25 & 29 July 2015) In a rare and fiery weekend session, the Senate voted on Sunday to resurrect the federal Export-Import Bank, handing the Republican Party’s most conservative wing a major defeat and setting up a showdown this week with House leaders divided...
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