WORLD TRADE
ORGANIZATIONG/SCM/Q2/USA/191
24 March 1999
(99-0977)
Committee on Subsidies
and Countervailing MeasuresOriginal:  Spanish
SUBSIDIES
Questions from CHILE
regarding the New and Full Notification of the UNITED STATES2
The following communication, dated 4 March 1999, has been received from the Permanent
Mission of Chile.
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1. In reviewing the US notification, Chile would like to know why the United States has not
notified the following programmes:
- Finance Authority of Maine (FAME):  issues Industrial Development Bonds to
provide tax-exempt financing for private businesses within the state.
- FAME:  Secondary Market Tax-Exempt Bonds (SMART-E), designed to provide
lower cost financing for the construction of new industrial or manufacturing plants.
- FAME:  Maine Veterans Small Business Loan Insurance Programme:  Provides
guarantees for up to 85 per cent of private loans.
- FAME:  Natural Resources Entrants Guarantee Programme:  FAME guarantees up to
90 per cent of the loan amount for business endeavours engaged in producing,harvesting, manufacturing, processing, storing, packaging, or marketing agricultural,
forestry, fishing, aquaculture, and related goods.
- Bureau of Taxation, Maine Department of Finance:  small business investment
companies having business operations primarily in Maine are exempt from the state'scorporate income tax.
- FAME:  Maine Seed Capital Tax Credit Programme:  FAME sponsors this
programme, which provides a 30 per cent tax credit to private equity investors in
Maine small businesses.
- Maine Agriculture Marketing Loan Fund:  A joint programme of the US Department
of Agriculture and FAME designed to invest a minimum of $6 million in resource
based businesses, including aquaculture.
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1 This document has already been distributed with an incorrect symbol (G/SCM/Q2/CHL/11) in
English only.
2 G/SCM/N/38/USA