State trading enterprises are enterprises authorized to engage in trade (exporting and/or importing) that are owned, sanctioned, or otherwise supported by government. STEs are legitimate trading entities and are subject to GATT rules. Examples include the
Canadian Wheat Board
The Canadian Wheat Board (french: Commission canadienne du blé, links=no) was a marketing board for wheat and barley in Western Canada. Established by the Parliament of Canada on 5 July 1935, its operation was governed by the Canadian Wheat Bo ...
, the
Australian Wheat Board
AWB Limited was a major grain marketing organisation based in Australia. Founded in 1939 by the Government of Australia as the Australian Wheat Board, in 1999 it was sold off by the government, initially to be owned by wheat growers. It was acq ...
, and historically, the New Zealand Dairy Board in New Zealand.
Historically the
Milk Marketing Board
The Milk Marketing Board was a producer-run product marketing board, established by the Agricultural Marketing Act 1933, to control milk production and distribution in the United Kingdom. It functioned as buyer of last resort in the milk market i ...
operated in the UK and along with WTO free trade movements has been dissolved. An operating
State Trading Organization
The State Trading Organization Plc ( MSE:ST or STO is a public company with 81.63% of the shares owned by the Maldivian Government with the rest 18.37% being held by the public after the IPO a couple of years ago. The company is controlled by a ...
exists in the Maldives.
Some U.S. agricultural producers think, however, that STEs through their exercise of monopoly power and government support may distort trade in their respective commodities.
See also
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Commodity Credit Corporation
The Commodity Credit Corporation (CCC) is a wholly owned United States government corporation that was created in 1933 to "stabilize, support, and protect farm income and prices" (federally chartered by the CCC Charter Act of 1948 (P.L. 80-806) ...
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Foreign Market Development Program
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Food, Conservation, and Energy Act of 2008
The Food, Conservation, and Energy Act of 2008 (, also known as the 2008 U.S. Farm Bill) was a $288 billion, five-year agricultural policy bill that was passed into law by the United States Congress on June 18, 2008. The bill was a continuatio ...
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Marketing board
A marketing board is an organization created by many producers to try to market their product and increase consumption and thus prices. It can also be defined as an organization set up by a government to regulate the buying and selling of a certain ...
References
*{{CRS, article = Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition, url = http://ncseonline.org/nle/crsreports/05jun/97-905.pdf, author= Jasper Womach
International trade
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