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NSIAD-84-116 1 (1984-06-07)

handle is hein.gao/gaobabnkb0001 and id is 1 raw text is: UNITED STATES GENERAL ACCOUNTING OFFICE WASHINGTON, D.C. 20548 NATIONAL 89CURITY AND Accou|n' @ ,l INTCANATIONAL AFFAIRS DIVISION .. .. 0 B-21 5225 JUNE 7. 1984 The Honorable John B. Breaux illIIll 11111 House of Representatives Eaux 124432 Dear Mr. Breaux: Subject: Peruvian Rice Purchases Guaranteed by the Commodity Credit Corporation (GAO/NSIAD-84-116) This report responds to your September 30, 1983, letter requesting that GAO investiqate rice purchases made by Peru in September 1983 under a U.S. government quaranteed export credit. Your letter referred to a Peruvian purchase of 50,746 metric tons (mt) of medium qrain rice purchased under a $25 million credit guarantee made available by the Department of Aqricul- ture's Commodity Credit Corporation under its GSM-102 Export Credit Guarantee Program. Documents were included with the letter indicating that Peru passed over lower cost bids for Southern rice and paid about a $363,145 premium for 29,746 metric tons (mt) of California rice. You expressed the view that The U.S. government should be sure that its export promotion programs are used to the maximum advantage of those to whom the assistance is made available, and that Foreign buyers should take advantage of the export assistance by buying the largest amount of grain possible with the U.S. assistance made available . . . To accomplish that objective, in our meeting on this subject, you indicated that you are considering proposing a legislative amendment that importers under the OSM-102 program comply with the same types of open competitive bidding procedures that are required under the Public Law 480, Title I concessional sales proqram. (483396)

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