§55313 Exemption of Certain Agricultural Exports From Cargo Preference Provisions

Summary

Cargo preference rules in sections 55304 and 55305 do not apply to certain export programs run by the Secretary of Agriculture or the Commodity Credit Corporation (CCC). The exemption covers when the CCC makes U.S. farm commodities or products available to U.S. exporters, users, processors, or foreign buyers at world-market prices to help build or expand export markets. It also covers payments to U.S. exporters, users, or processors and, except as allowed in section 55314, cash grants to foreign buyers for that purpose. It includes mixing commercial credit guarantees with CCC direct credits to lower interest and giving credits or guarantees for up to 3 years to finance export sales. It also covers trades or barters of CCC-owned or loaned farm goods for equal-value goods, services, or equipment based on world-market prices, but it does not remove cargo-preference rules that apply under section 55314(b) to the imported items.