IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 30 Nov 2015 | Removal date: open ended
Still in force

Trade finance

 On 30 November 2015, the Italian Eximbank SACE announced in a press release that it would guarantee the export credit for the construction of a new metro line in the Peruvian capital of Lima.
The project would be constructed by a consortium of local, Spanish and Italian companies and require funds of 5.5 billion USD. 600 million USD of these funds would be provided as export credit by a number of banks and guaranteed by SACE. These banks include inter alia the German Kfw IPEX-Bank (undisclosed amount) and the Spanish state-owned ICO bank (60 million USD).
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

495 Railway & tramway locomotives & rolling stock; parts
8603 Selfpropelled railway or tramway coaches, vans and trucks, other than those of heading 86.04.
860310 Powered from an external source of electricity
860390 Other
8607 Parts of railway or tramway locomotives or rollingstock.
860711 Driving bogies and bisselbogies
860712 Other bogies and bisselbogies
860719 Other, including parts
860721 Air brakes and parts thereof
860729 Other
860730 Hooks and other coupling devices, buffers, and parts thereof
860791 Of locomotives
860799 Other

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