TeachMeFinance.com - explain Export Enhancement Program (EEP)
Export Enhancement Program (EEP) The term 'Export Enhancement Program (EEP) ' as it applies to the area of agriculture can be defined as ' A program that USDA initiated in May 1985 under the CCC Charter Act to help U.S. exporters meet competitorsí subsidized prices in targeted markets. The program was later authorized by the Food Security Act of 1985; the FACT Act of 1990; the Uruguay Round Agreements Act; and the FAIR Act of 1996. Under the EEP, exporters are awarded cash payments, which enable an exporter to sell certain commodities to specified countries at competitive prices. The FAIR Act of 1996 caps EEP program levels annually through 2002 and allows USDA, under certain conditions, to target up to $100 million annually for the sale of intermediate-value products'.
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