The US has signalled its willingness to a complete and unconditional ban on agricultural export subsidies in the TPP. Earlier, the US was seeking an exception to the ban that can potentially be invoked against a non-party to the TPP. Sources have informed that TPP members are cool with the new position, potentially resolving one of the two outstanding issues, other being market access. Some TPP members also appear to be pushing disciplines of export credits similar to 2008 Doha round text. Mentioned text established a maximum repayment term for agricultural export credits of six months, and also required that the fees charged under such programs be sufficient to cover costs and losses over the previous four-year rolling period. The industry sources have cautioned against the US concession, as export subsidy is still permitted under the WTO rules and EU might resume its use, although it had publically signalled it restrain in resorting to export subsidies. The gLAWcal Team LIBEAC project Tuesday, 27 January 2014 (Source: Inside US Trade)