   
  
G/AG/W/125/Rev.19/Add.2/Corr.1  
 
16 August  2023 
(23-5540) Page: 1/3 
Committee on Agriculture    
 
EXPORT SUBSIDIES, EXPORT CREDITS, EXPORT CREDIT GUARANTEES  
OR INSURANCE PROGRAMMES, INTERNATIONAL FOOD AID AND  
AGRICULTURAL EXPORTING STATE TRADING ENTERPRISES  
BACKGROUND DOCUMENT BY THE SECRETARIAT1 
Export Credits, Export Credit Guarantees or Insurance Programmes  
Corrigendum  
The following entity should be added in the response by the United States on pages 91 -92. 
 
 
United States of America  
1. Description of the programmes  
Export -Import Bank: Export Credit Insurance Program  
  
The Export -Import Bank (ExIm) of the United States export credit insurance program allows 
applicants to increase their export sales by limiting international risk, offering credit to international 
buyers, and enabling access to working capital funds. The E xport Credit Insurance Program offers 
four types of insurance policies that may be used to cover export of agricultural products: 
Short -Term Single Buyer Export Credit Insurance Policies for Exporters; Bank Letter of Credit 
policies; Financial Institution Buyer Credits; and Multi -Buyer Policies. No ExIm program is designed 
to support agricultural products specifically, rather agricultural products are treated as general 
exports and receive no special preference or treatment. Exporters of certain types of ag ricultural 
commodities shipped in bulk (wheat, corn, soybeans, rice, etc.) are eligible to receive 98% coverage 
for any commercial or political losses. Like certain other ExIm -supported products, bulk agricultural 
commodities may also qualify for ExIm insu rance on terms up to 360 days. The export items must 
meet ExIm's U.S. content requirements as outlined at https://www.exim.gov/policies/content/short -
term-content -policy . 
  
Classification: The Export Credit Insurance program is a "risk cover" program.  
  
Relevant legislation: Export -Import Bank Act of 1945, as amended (P.L. 114 -94 codified at 12 U.S.C. 
§635 et seq.).  
  
More information regarding ExIm's Export Credit Insurance program is available at 
https://www.exim.gov/what -we-do/export -credit -insurance . 
2. Description of Export Financing Entity  
The Export -Import Bank of the United States is the official export credit agency (ECA) of the United 
States. ExIm is an independent, self -sustaining federal agency that provides export credit support 
for U.S. exports. ExIm provides export credit support on a non -discriminatory basis. The Bank 
requires a reasonable assurance of repayment and provides a variety of financing mechanisms, 
 
1 This document has been prepared under the Secretariat's own responsibility and is without prejudice 
to the positions of Members or to their rights and obligations under the WTO. It has been prepared for 
information only and is not intended to provide any authoritative or official legal interpretation of the provisions 
of the WTO Agreements in general or in relation to any specific entity or measure listed in this document.  G/AG/W/125/Rev.19/Add.2/Corr.1  
 
- 2 - 
 
  including working -capital guarantees, export -credit insurance and financing to help foreign buyers 
purchase U.S. goods and services.  
3. Total value of export of agricultural products covered by export credits, export credit 
guarantees or insurance programmes and use per programme  
In U.S. Fiscal Year 2022, the U.S. Export -Import Bank insured shipments of agricult ural products 
with an estimated export value of USD 445,605,202.  
4. Annual average premium rates/fees per programme  
For U.S. Fiscal Year 2022, weighted average premium (by shipment value insured) charged on short 
term insurance of agricultural products was  USD 0.46 per USD 100 of coverage.  
5. Maximum repayment terms per programme  
For U.S. Fiscal Year 2022, on a case -by-case basis, bulk agricultural commodities under the Export 
Credit Insurance Program may be insured on terms up to, but not exceeding, 360 da ys. 
6. Annual average repayment periods per programme  
For U.S. Fiscal Year 2022, the typical repayment period for the agricultural products under the Export 
Credit Insurance Program is 31 -60 days; the average repayment period was 50 days.  
7. Export destina tion or group of destinations per programme  
Export Credit Insurance program for U.S. Fiscal Years 2022  
Export Destinations  
Africa and Middle East  
Asia 
Caribbean  
Central America  
Europe  
North  America  
Eurasia  
Southeast Asia and Oceania  
South America  
8. Programme use by product or product group  
Export Credit Insurance program shipments of agricultural commodities for U.S. Fiscal 
Year 2022  
Product Description  Shipment Amount for FY 2022 (in  USD)  
Alcoholic Beverages  14,915,497  
Animal feed and supplements  60,417,401  
Confectionery  13,692,931  
Cotton  71,222,495  
Dairy and dairy products  7,788,493  
Flour  4,389,798  
Grains and Beans  16,576,055  
Honey  30,250  
Live Trees, Plants, Cut Flowers  1,802,657  
Miscellaneous food product  203,856,295  
Other farm product raw material  19,131,527  
 Processed foods including canned and frozen  31,781,803  
ADDITIONAL INFORMATION  
 G/AG/W/125/Rev.19/Add.2/Corr.1  
 
- 3 - 
 
  DATA ORIGINATING FROM NOTIFICATIONS  
 
 
__________  