Export Enhancement Program

The Export Enhancement Program (EEP) is a program that the United States Department of Agriculture (USDA) initiated in May 1985 under the Commodity Credit Corporation Charter Act to help U.S. exporters meet competitors’ subsidized prices in targeted markets. The program currently is authorized through 2007 under the 2002 farm bill (P.L. 107-171). Under EEP, exporters are awarded cash payments that enable an exporter to sell certain commodities to specified countries at competitive prices. EEP program activity is constrained by annual dollar and tonnage limits on commodities that can be subsidized, as agreed to under the Uruguay Round Agreement on Agriculture, and these annual limits are incorporated into the EEP authorizing legislation. In practice, the program has been used very little since the mid-1990s.

References

This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.

This article is issued from Wikipedia - version of the Sunday, June 24, 2012. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.