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: 24 Mar 2011 | Removal date: open ended
Still in force

Interest payment subsidy

 
The Council of Ministers of the Republic of Belarus (according to Decree 359 of March 24, 2011) approved a Sugar Industry Development Programme ('Development Programme') for the period 2011-2015. The Belarusian State Food Concern 'Belgospischeprom' has been approved as a customer and a coordinator of the Development Programme. The Belarusian Ministry of Finance has been authorised to partially reimburse interest payments of investment credit facilities, taken by sugar sector companies in conjunction with the mentioned Development Programme. The interest payments of domestic currency denominated loans of sugar sector companies are to be reimbursed at 50% of the prevailing interest rate (defined as the refinancing rate of the National Bank of Belarus)on the due date of the respective interest payments. The interest payments of foreign currency denominated loans of sugar sector companies are also to be reimbursed at a rate of 50%.
 

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

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AFFECTED SECTORS AND PRODUCTS

232 Starches & starch products; sugars & sugar syrups n.e.c.
1702 Other sugars, including chemically pure lactose, maltose, glucose and fructose, in solid form; sugar syrups not containing added flavouring or colouring matter; artificial honey, whether or not mixed with natural honey; caramel.
170211 Containing by weight 99 % or more lactose, expressed as anhydrous lactose, calculated on the dry matter
170230 Glucose and glucose syrup, not containing fructose or containing in the dry state less than 20 % by weight of fructose
170250 Chemically pure fructose
235 Sugar & molasses
1701 Cane or beet sugar and chemically pure sucrose, in solid form.
170113 Cane sugar specified in Subheading Note 2 to this Chapter
170114 Other cane sugar
236 Cocoa, chocolate & sugar confectionery
1704 Sugar confectionery (including white chocolate), not containing cocoa.
170490 Other

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