AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 12 April 2016, the Italian state financing agency Cassa Depositi E Prestiti announced it would provide Iranian public companies with a loan of 4 billion EUR to finance the participation of Italian companies in lranian infrastructure, oil & gas as well as transport projects.
The loan will be guaranteed by the Italian Eximbank SACE. Furthermore, SACE will provide an additional 800 million EUR for the involvement of Italian SMEs in the provision of consumer goods and machinery by Iran.
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.
The list of affected trading partners is based on 2014 trade figures. As Iran did not have bilateral trade worth at least 1 million USD in any of the selected HS codes, no affected trading partners were selected.
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