Taxonomy: Affected Trading Partner - Faeroe Islands
China: VAT rebates for more than 2600 products
Description
On 3 June 2009, the government of China raised the Value Added Tax (VAT) rebates for designated textile and garment exports. Exporters of the benefiting products may recuperate part of the VAT included in intermediate products.The Customs Union of Russia, Belarus and Kazakhstan: Temporary elimination of import tariff on capelin
Description
The Customs Union Commission (Decision # 691 from 19 May 2011) has eliminated the import tariff on capelin (HS 030269) for 12 months.EC: Fixing the export refunds for poultry meat
Description
On 17 June 2010 the European Commission decided to fix export refunds to poultry meat. According to the European Commission the reason for implementing this measure is the current situation in the market of poultry meat.Nigeria: Fund for restructing and refinancing loans to the manufacturing sector
Description
The Central Bank of Nigeria (CBN) as part of a N500billion power and real sector fund has given N200billion to restructure and refinance existing bank loans to the Nigerian SMEs (Small and medium scale enterprises) or manufacturing sector.Nigeria: Deliberate devaluation of the Naira
Description
According to numerous and consistent press reports, the Central Bank of Nigeria has deliberately devalued the local currency at the end of 2008.Russia: Food Security Doctrine is focused on import substitution
Description
The Food Security Doctrine was developed “for the purpose of implementing the state economic policy in the field of food security of the Russian Federation, aimed at ensuring reliable food supplies to the population, developing the natUnited States of America: Renewal of preferential trade programs
Description
The authorizations for two preferential trade programs that extend duty-free treatment to U.S. imports from developing countries were due to expire on December 31, 2009 unless new legislation was approved to renew the programs.Brazil: Public financing for the production of goods for exports by small and medium companies (pre-shipment phase)
Description
Companies with gross annual income up to R$ 60 million will be able to obtain credit from the Export Financing Program - PROEX for the production of goods destined for export.South Africa: Loans to distressed companies
Description
The Department of Trade and Industry, South Africa, has made available loans to distressed companies in manufacturing sectors identified in the National Economic Development and Labour Council (Nedlac) Framework Agreement.United States of America: New food safety requirements
Description
President Obama is expected shortly to sign into law the "FDA Food Safety Modernization Act" (H.R.2751), a bill that exten
