RESTRICTEDWORLD TRADE
ORGANIZATIONG/SCM/Q2/ECU/2
14 September 1999
(99-3776)
Committee on Subsidies
and Countervailing MeasuresOriginal:  Spanish
SUBSIDIES
Replies to Questions from the United States 1
Regarding the New and Full Notification of Ecuador 2
The following communication, dated 24 August 1999, has been received from the Permanent
Mission of Ecuador.
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Question
Your notification indicates that there are no subsidy programmes existing in Ecuador that fall
within the meaning of Article 1.1 of the Agreement on Subsidies and Countervailing Measures.
Could you please clarify the status of the following programmes which, based on information
available to the United States, were at least in effect previously.
1. Fondos Financieros2. FOPEX Export Credit
A. Short-Term FOPEX Export Credit
B. Long-Term FOPEX Loans
3. Loans under the Fund for the Development of Exportable Production
A. Short-Term FDEP Loans
B. Long-Term Loans
4. Tax Credit Certificates for Exports
Does Ecuador's notification confirm that these programmes have been phased out, in
anticipation of your government's obligations under Article 27.4 of the Agreement?
Reply
With reference to the question from the United States concerning the subsidy notification
submitted by Ecuador's document G/SCM/N/38/ECU under Article XVI:1 of the GATT 1994 and
Article 25 of the Agreement on Subsidies and Countervailing Measures, please be advised that
nothing should be inferred or interpreted from that notification with respect to any intent that has notbeen expressly stated concerning the obligations under Article 27.4 of the Agreement, such as that
referred to in the abovementioned question from the United States.
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1 G/SCM/Q2/ECU/1
2 G/SCM/N/38/ECU