United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office General Government Division author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 1995-10-24 monographic deposited born digital 72 p. GA 1.13:GGD-96-1 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-96-1 P0b002ee18037cf49 f:gg96001 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GGD-96-1 machine generated eng fdlp REPORT GAOREPORTS-GGD-96-1 GGD-96-1 International trade Export regulation Comparative analysis Exporting Economic assistance Foreign governments Foreign trade policies International economic relations Direct loans International organizations France Austria Belgium Denmark Germany Finland Greece Italy Ireland Luxembourg Netherlands Portugal Spain Sweden United Kingdom Israel Egypt NATO DOD Foreign Military Financing Program Letter Report GGD Pursuant to a congressional request, GAO reviewed the types of export-financing assistance that the United States and five European Union (EU) countries provide to exporters, focusing on the: (1) types of export-financing delivery systems used in the countries; (2) differences in and types of trade-offs among U.S. and EU member state programs; and (3) status of international efforts to limit the use of government-supported export financing.<p/>GAO found that: (1) the Export-Import Bank (Eximbank) financed $15.1 billion of U.S. exports in 1993 and the five EU member states collectively financed $74.8 billion of their total exports in that same year; (2) Eximbank provides a wide range of export-financing assistance to the U.S. exporting community, including direct loans, loan guarantees, and export credit insurance; (3) the five EU member states use a single government agency, as well as private and public sector providers to deliver export-financing capital; (4) Eximbank medium- and long-term loan guarantees are unconditional, and Eximbank assumes most of the risk involved in export transactions; (5) there are trade-offs between the time export credit agencies (ECA) spend scrutinizing loan applications and the time that elapses before the claims are paid, the level of risk assumed by ECA and participating banks, and the premium levels charged for financing assistance; (6) the Organization for Economic Cooperation and Development (OECD) has implemented an agreement that limits government subsidies and provides common guidelines for national export-financing assistance programs; and (7) this agreement does not currently apply to the premiums charged for export credits relating to defense goods or agricultural products. https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-96-1/html/GAOREPORTS-GGD-96-1.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GGD-96-1/pdf/GAOREPORTS-GGD-96-1.pdf GAO/GGD-96-1 https://www.govinfo.gov/app/details/GAOREPORTS-GGD-96-1 Letter Report GAO/GGD-96-1; Export Finance: Comparative Analysis of U.S. and European Union Export Credit Agencies; International trade Export regulation Comparative analysis Exporting Economic assistance Foreign governments Foreign trade policies International economic relations Direct loans International organizations France Austria Belgium Denmark Germany Finland Greece Italy Ireland Luxembourg Netherlands Portugal Spain Sweden United Kingdom Israel Egypt NATO DOD Foreign Military Financing Program Public Law 101-508 Public Law 103-428