§ 1550.4 - Export Incentive Program Agreements.

(a) Eligible Organizations. Export Incentive Program (EIP) agreements will be entered into with private U.S. entities.

(b) Use of Third Parties. An entity that enters into an Export Incentive Program Agreement may undertake market development activities directly or through a third party provided such entity remains responsible for the activity.

(c) Reimbursement. After submission of a claim for an incentive payment, FAS will reimburse a percentage of eligible promotion costs defined in the Export Incentive Program Agreement, up to the amount stated in the Agreement, to carry out the purposes of the project. Such a claim will be submitted on a marketing year basis or at such other time as may be agreed by FAS. The amount of funds to be paid by FAS on each claim will be specified in the Agreement and will be based upon either a stated percentage of the promotional expenditures claimed, volume of exports over a stated period, or a combination of both. Funds will be paid in U.S. dollars only.

(d) Consideration of Projects. Export Incentive Program Agreements will be entered into by FAS only if it is determined that such agreements with private firms could contribute to the effective creation, expansion, or maintenance of foreign markets for the commodities concerned. Project proposals will be reviewed in relation to market conditions in the countries where activities are proposed, and in relation to the proposing firm's prior experience in exporting and in market promotion activites abroad, based upon the same criteria set forth in § 1550.3(e)(1)—(3).