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: 03 Feb 2012 | Removal date: 02 Feb 2013
Still in force

Interest payment subsidy

The Belorussian Government (according to Decree #113 of 3 February 2012) reimburses 50% of the prevailing interest rate (defined to be the refinance rate of the National Bank of Belarus) for the loans which firms in the flax industry have to pay back to Belagroprombank. The reimbursement is financed through the Belarus government budget. The decree is aimed to facilitate the development and modernisation of the flax industry in Belarus. 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

261 Natural textile fibres prepared for spinning
5301 Flax, raw or processed but not spun; flax tow and waste (including yarn waste and garnetted stock).
530129 Other

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