Reading Room Document

Views as to whether the Cargo Preference Act would apply to export shipments contemplated by certain proposed amendments to the regulations governing the Commodity Credit Corporation's Export Credit Sales Program (7 C.F.R. § 1438; 30 F.R. 10942)

The document is a letter in response to a request for clarification on whether the Cargo Preference Act would apply to export shipments under certain proposed amendments to the regulations governing the Commodity Credit Corporation's Export Credit Sales Program. The conclusion reached in the document is that the proposed amendments, if used solely for competitive commercial sales and not for foreign aid, would not be covered by the Cargo Preference Act. The questions presented for review include the purpose of the Export Credit Sales Program, the applicability of the Cargo Preference Act to commercial cargoes, and the potential conflict between the Act and commercial treaties. The document also provides a summary of the legislative history of the Cargo Preference Act to support the conclusions reached.

December 6, 1965