WASHINGTON, April 16, 1999–Christopher E. Goldthwait,
general sales manager for the U.S. Department of
Agriculture’s Foreign Agricultural Service and vice
president of the Commodity Credit Corporation, today announced
that CCC is making a modification in its policy concerning
amendments to Dairy Export Incentive Program (DEIP) agreements.
On Jan. 28, 1998, three changes were announced to provide more
flexibility to exporters in working out unforeseen problems in
fulfilling exports pursuant to DEIP agreements. These changes are
still in effect. Today, Goldthwait said he is making an
additional change that will improve the efficiency and
effectiveness of the program.
According to Goldthwait, one of the changes made on Jan. 28,
1998, permitted exporters to amend DEIP agreements to change the
buyer, with no CCC review of the bonus as long as other
significant terms of the agreement remained unchanged. Also,
CCC currently allows exporters to change destination countries
within a regional allocation subject to price and bonus review
provided that separate country quantity limitations do not exist.
Goldthwait said this change is being expanded to now allow
exporters to change the country of destination within a regional
allocation even if that country has an individual quantity
limitation, provided that the limitation has not been exhausted.
Any changes in destination will be subject to a bonus review to
determine if the bonus should be reduced as a result of the
Goldthwait further stated that exporters should be aware that
any approved changes in destinations will be announced by public
press release showing the new balances available for the
countries. CCC expects that this change will help U.S. DEIP
exporters to be more competitive in the world market and will
allow them more flexibility in meeting their obligations to CCC
under their DEIP agreements. For further information, call (202)
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