IMPLEMENTATION LEVEL

National

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: 05 May 2016 | Removal date: open ended
Still in force

Trade finance

On 5 May 2016, the Kazakhstani state company Kazagrofinance, a daughter company of the Kazakhstani state company Kazagro, signed with the Government of the Republic of Belarus a contract 'On the conditions for provision the lessees of goods, produced in the Republic of Belarus, in order they to be purchased in the Republic of Kazakhstan.'

Under the terms of this contract, the Government of the Republic of Kazakhstan partially compensates to Kazagrofinance the due leasing payments under contracts for financial leasing, signed until the end of 2016 with a duration of no more than five years. Produced in Belarus agricultural machinery and appliances can be purchased under this interstate trade financing scheme. However, a concrete list of goods, subject to leasing financing, has neither been disclosed nor identifiable from other sources. The amount of compensation of leasing payments is in the amount of 2/3 of the official refinancing rate established in the Republic of Kazakhstan. Given the fact that as of the period in which this contract was signed the refinancing rate of the National Bank of the Republic of Kazakhstan was 5.5%, the subsidised rates by the Government of the Republic of Belarus for Kazakhstani farmers were at the amount of 3.67%. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

441 Agricultural or forestry machinery & parts
8432 Agricultural, horticultural or forestry machinery for soil preparation or cultivation; lawn or sportsground rollers.
843210 Ploughs
843229 Other
843230 Seeders, planters and transplanters
843240 Manure spreaders and fertiliser distributors
843290 Parts

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