International Trade: Implementation of the Agricultural Export Enhancement Program

摘要

The report assesses the implementation of the Export Enhancement Program (EEP) and its effectiveness in increasing U.S. agricultural exports and encouraging U.S. trading partners to begin serious negotiations on agricultural trade problems. Under the EEP, the Commodity Credit Corporation was to make available up to $2-billion worth of surplus agricultural commodities over a 3-year period as bonuses to U.S. exporters to expand sales of specific U.S. agricultural commodities in specific markets. In practice, the bonuses were subsidies-in-kind to enable exporters to lower the prices of their commodities to be competitive with subsidized foreign agricultural exports.