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By :Ankit Khemani

ECGC & GSP

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 The Government of India set up the Exportisks Insuran!e Corporation "EIC# in $u%y '()in order to provide export !redit insuran!esupport to Indian exporters*

It +as transformed into Export Credit &Guarantee Corporation ,imited "ECGC# in '-.*

 To /rin0 the Indian identity into sharper fo!us1

the Corporation2s name +as on!e a0ain!han0ed to the present Export CreditGuarantee Corporation of India ,imited in'34*

 ECGC

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ECGC is a !ompany +ho%%y o+ned

/y the Government of India*

It fun!tions under the administrative !ontro% ofthe 5inistry of Commer!e and is mana0ed /y a

Board of 6ire!tors representin0 Government1Bankin01 Insuran!e1 Trade1 Industry1 et!*

ECGC is the 7fth %ar0est !redit insurer of the+or%d in terms of !overa0e of nationa% exports*

 The present paid8up !apita% of the !ompany iss*399 !rores and authoried !apita% s*999!rores*

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Provides a ran0e of !redit risk insuran!e !oversto exporters a0ainst %oss in export of 0oodsand servi!es*

;uity or %oan*

?hat does ECGC do@

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;

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Payments for exports are open to risks even atthe /est of times* The risks have assumed%ar0e proportions today due to the far8rea!hin0po%iti!a% and e!onomi! !han0es that are

s+eepin0 the +or%d*An out/reak of +ar or !ivi% +ar may /%o!k or

de%ay payment for 0oods exported*

E!onomi! di!u%ties or /a%an!e of paymentpro/%ems may %ead a !ountry to imposerestri!tions on either import of !ertain 0oods oron transfer of payments for 0oods imported*

Deed for Export Credit Insuran!e

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In addition1 the exporters have to fa!e

!ommer!ia% risks of inso%ven!y or protra!teddefau%t of /uyers*

 The !ommer!ia% risks of a forei0n /uyer 0oin0/ankrupt or %osin0 his !apa!ity to pay are

a00ravated due to the po%iti!a% and e!onomi!un!ertainties*

Export !redit insuran!e is desi0ned to prote!texporters from the !onse>uen!es of the

payment risks1 /oth po%iti!a% and !ommer!ia%1and to ena/%e them to expand their overseas/usiness +ithout fear of %oss*

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  5aturity Fa!torin0  ;verseas Investment Guarantee

  Ex!han0e F%u!tuations isk Cover

  Export "Spe!i7! Buyers# Po%i!y  Post8Shipment Export Credit Guarantee

  Constru!tion ?orks Po%i!y

  Buyer Exposure Po%i!ies

  Transfer Guarantee

 Export Performan!e Guarantee

ECGC S!hemes

https://www.ecgc.in/Portal/productnservices/maturity/mfactoring.asphttps://www.ecgc.in/Portal/productnservices/specialschemes/overseasinvestment/investment.asphttps://www.ecgc.in/Portal/productnservices/specialschemes/fluctuationrisk/fluctuationrisk.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/buyerwise/buyerwise.asphttps://www.ecgc.in/Portal/productnservices/guarantees/postshipmentexport/postshipment.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/constructionpolicy/construction.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/buyerexposurepolicy/buyerexposure.asphttps://www.ecgc.in/Portal/productnservices/specialschemes/transfer/transferguarantee.asphttps://www.ecgc.in/Portal/productnservices/guarantees/exportperformance/experformance.asphttps://www.ecgc.in/Portal/productnservices/guarantees/exportperformance/experformance.asphttps://www.ecgc.in/Portal/productnservices/specialschemes/transfer/transferguarantee.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/buyerexposurepolicy/buyerexposure.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/constructionpolicy/construction.asphttps://www.ecgc.in/Portal/productnservices/guarantees/postshipmentexport/postshipment.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/buyerwise/buyerwise.asphttps://www.ecgc.in/Portal/productnservices/specialschemes/fluctuationrisk/fluctuationrisk.asphttps://www.ecgc.in/Portal/productnservices/specialschemes/overseasinvestment/investment.asphttps://www.ecgc.in/Portal/productnservices/maturity/mfactoring.asp

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  Export Turnover Po%i!y

 IT 8 Ena/%ed Servi!e "Spe!i7! Customer# Po%

i!y Sma%% Exporters Po%i!y

 Pa!kin0 Credit Guarantee

 Export Finan!e Guarantee

https://www.ecgc.in/Portal/productnservices/creditinsurance/turnoverpolicies/turnoverpolicy.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/itenabledservices/itenabled1.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/itenabledservices/itenabled1.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/smallexporterpolicy/smallexporternpolicy.asphttps://www.ecgc.in/Portal/productnservices/guarantees/packcredit/packingcredit1.asphttps://www.ecgc.in/Portal/productnservices/guarantees/exportfinance/exfinance.asphttps://www.ecgc.in/Portal/productnservices/guarantees/exportfinance/exfinance.asphttps://www.ecgc.in/Portal/productnservices/guarantees/packcredit/packingcredit1.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/smallexporterpolicy/smallexporternpolicy.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/itenabledservices/itenabled1.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/itenabledservices/itenabled1.asphttps://www.ecgc.in/Portal/productnservices/creditinsurance/turnoverpolicies/turnoverpolicy.asp

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GSP exempts ?T; mem/er !ountries from5FD for the purpose of %o+erin0 tari

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In ')'1 the GATT esta/%ished a permanentexemption to the 5FD o/%i0ation /y +ay ofthe ena/%in0 !%ause*