IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 06 Aug 2009 | Removal date: 05 Dec 2010
Still in force

Localisation incentive

Presidential Decree # 371, issued on 6 July 2009, on preferential consumer lending provides state support to the low-income households. Low-income families will be provided with subsidized loans during 2009 and 2010 to acquire goods listed in an accompanying Cabinet decision. To enjoy the preferential loan, an individual has to have the average monthly income per person not exceeding three "minimum consumer budgets", which is calculated for a family of four people to be approximately US $400. According to the estimates provided by the Belorussian government about 80 percent of the Belorussian households will be eligible for the subsidized loans. There is, however, a maximum amount that can be borrowed by one individual, which equals 300 times Base Rate or approximately US $3,700. Those loans are provided by five Belarusian banks and carry an annual interest rate of 10 percent and a payment period of up to three years. Currently, the inter-bank interest rate in Belarus exceeds 21 percent. The state will compensate for banks' losses from the government budget.

The list of products and firms eligible for the subsidized loans was defined by the Cabinet Decree # 1010 on 1 August 2009. The list contains more than 100 Belarusian companies which produce various goods such as furniture, refrigerators, televisions, vacuum cleaners, washing and kitchen machines, electric heaters, carpets, microwaves, monitors, motorcycles, stoves, mini-tractors and others. The Deputy Trade Minister of Belarus, Mr. Svyantsitski, emphasized that the issuance of such loans was expected to boost the sales of domestic products.

 

 
 
 
 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

272 Carpets & other textile floor coverings
5703 Carpets and other textile floor coverings, tufted, whether or not made up.
570330 Of other manmade textile materials
381 Furniture
9403 Other furniture and parts thereof.
940310 Metal furniture of a kind used in offices
940320 Other metal furniture
940330 Wooden furniture of a kind used in offices
940350 Wooden furniture of a kind used in the bedroom
940360 Other wooden furniture
940390 Parts
439 Other general-purpose machinery & parts
8418 Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat pumps other than air conditioning machines of heading 84.15.
841850 Other furniture (chests, cabinets, display counters, showcases and the like) for storage and display, incorporating refrigerating or freezing equipment
841861 Heat pumps other than air conditioning machines of heading 84.15
841869 Other
841891 Furniture designed to receive refrigerating or freezing equipment
841899 Other
441 Agricultural or forestry machinery & parts
8701 Tractors (other than tractors of heading 87.09).
870190 Other
8716 Trailers and semitrailers; other vehicles, not mechanically propelled; parts thereof.
871620 Selfloading or selfunloading trailers and semitrailers for agricultural purposes
446 Machinery for textile, apparel & leather production; parts
8450 Household or laundrytype washing machines, including machines which both wash and dry.
845020 Machines, each of a dry linen capacity exceeding 10 kg
448 Domestic appliances & parts
7321 Stoves, ranges, grates, cookers (including those with subsidiary boilers for central heating), barbecues, braziers, gasrings, plate warmers and similar nonelectric domestic appliances, and parts thereof, of iron or steel.
732111 For gas fuel or for both gas and other fuels
8403 Central heating boilers other than those of heading 84.02.
840310 Boilers
8418 Refrigerators, freezers and other refrigerating or freezing equipment, electric or other; heat pumps other than air conditioning machines of heading 84.15.
841810 Combined refrigeratorfreezers, fitted with separate external doors
841821 Compressiontype
841830 Freezers of the chest type, not exceeding 800 l capacity
841840 Freezers of the upright type, not exceeding 900 l capacity
8450 Household or laundrytype washing machines, including machines which both wash and dry.
845011 Fullyautomatic machines
845019 Other
8509 Electromechanical domestic appliances, with selfcontained electric motor, other than vacuum cleaners of heading 85.08.
850940 Food grinders and mixers; fruit or vegetable juice extractors
8516 Electric instantaneous or storage water heaters and immersion heaters; electric space heating apparatus and soil heating apparatus; electrothermic hairdressing apparatus (for example, hair dryers, hair curlers, curling tong heaters) and hand dryers; ele
851610 Electric instantaneous or storage water heaters and immersion heaters
851629 Other
851631 Hair dryers
851640 Electric smoothing irons
851650 Microwave ovens
851660 Other ovens; cookers, cooking plates, boiling rings, grillers and roasters
851679 Other
851680 Electric heating resistors
473 Broadcast recording apparatus; microphones, loudspeakers, etc.
8519 Sound recording or reproducing apparatus.
851981 Using magnetic, optical or semiconductor media
8528 Monitors and projectors, not incorporating television reception apparatus; reception apparatus for television, whether or not incorporating radiobroadcast receivers or sound or video recording or reproducing apparatus.
852851 Of a kind solely or principally used in an automatic data processing system of heading 84.71
852859 Other
852869 Other
852872 Other, colour
491 Motor vehicles, trailers & semi-trailers; parts
8701 Tractors (other than tractors of heading 87.09).
870120 Road tractors for semitrailers
492 Motor vehicle bodies; trailers & parts thereof
8716 Trailers and semitrailers; other vehicles, not mechanically propelled; parts thereof.
871631 Tanker trailers and tanker semitrailers
871639 Other
871640 Other trailers and semitrailers
871690 Parts
499 Other transport equipment & parts
8711 Motorcycles (including mopeds) and cycles fitted with an auxiliary motor, with or without sidecars; sidecars.
871110 With reciprocating internal combustion piston engine of a cylinder capacity not exceeding 50 cc
8716 Trailers and semitrailers; other vehicles, not mechanically propelled; parts thereof.
871680 Other vehicles

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