Australia's Export Credit Arrangements

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• Australia's Export Credit Arrangements Inquiry report (PDF - 2412 Kb)
• Australia's Export Credit Arrangements Inquiry report by chapters (Word/ZIP - 2413 Kb)

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• Preliminaries (PDF - 626 Kb)
  • Cover, Copyright, Letter, Terms of reference, Contents and Abbreviations
• Overview - including key points (PDF - 341 Kb)
• Findings and recommendations (PDF - 207 Kb)
• Chapter 1 Introduction (PDF - 190 Kb)
  • 1.1 Background to this inquiry
  • 1.2 What has the Commission been asked to do?
  • 1.3 Conduct of the inquiry
• Chapter 2 Export Finance and Insurance Corporation (PDF - 267 Kb)
  • 2.1 The role of international trade in the economy
  • 2.2 Export Finance and Insurance Corporation
• Chapter 3 Private sector provision of export finance and insurance (PDF - 370 Kb)
  • 3.1 The role of finance and insurance in trade
  • 3.2 Finance and insurance markets
  • 3.3 Comparison of products offered by EFIC and private providers
  • 3.4 Difference in coverage between EFIC and the private sector
  • 3.5 Alternatives to using export finance and insurance products
  • 3.6 In sum
• Chapter 4 Analytical framework (PDF - 344 Kb)
  • 4.1 What are the policy design questions?
  • 4.2 Rationale for intervention
  • 4.3 Achieving cost-effectiveness
  • 4.4 Distributional effects
• Chapter 5 Economics of export finance and insurance (PDF - 352 Kb)
  • 5.1 National interest rationales
  • 5.2 Broader rationales suggested for export support
  • 5.3 Specific problems in export finance and insurance markets
• Chapter 6 Pricing of export credit (PDF - 407 Kb)
  • 6.1 What is a subsidy and how could it arise?
  • 6.2 How does EFIC price its products?
  • 6.3 Analysis of whether EFIC’s products are priced efficiently
• Chapter 7 Economic impacts of current arrangements (PDF - 374 Kb)
  • 7.1 The market gap
  • 7.2 EFIC's role in the allocation of resources in the economy
  • 7.3 EFIC and the incentives of others
  • 7.4 In sum
• Chapter 8 Financial management and performance (PDF - 387 Kb)
  • 8.1 Risk management
  • 8.2 Dividends
  • 8.3 EFIC's treasury
  • 8.4 EFIC's financial performance
• Chapter 9 Governance arrangements (PDF - 329 Kb)
  • 9.1 The importance of good governance
  • 9.2 EFIC’s governance arrangements
  • 9.3 Are EFIC’s external governance arrangements adequate?
  • 9.4 Are EFIC’s internal governance arrangements adequate?
  • 9.5 The national interest account
  • 9.6 EFIC’s environmental and social responsibilities
  • 9.7 Confidentiality and disclosure issues
  • 9.8 In sum
• Chapter 10 A future role for EFIC: limited support for SMEs (PDF - 349 Kb)
  • 10.1 Changing EFIC’s scope of operations
  • 10.2 Structural and operational reform of EFIC
  • 10.3 Next steps
• Appendix A Conduct of the inquiry (PDF - 209 Kb)
• Appendix B Estimating export credit subsidies (PDF - 216 Kb)
• Appendix C Approaches of other ECAs: similarities and differences (PDF - 213 Kb)
• Appendix D Other government bodies (PDF - 212 Kb)
• Appendix E EFIC’s environmental and social policy (PDF - 256 Kb)
• References (PDF - 290 Kb)