IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 06 May 2013 | Removal date: open ended
Still in force

Interest payment subsidy

With Decree 346 of May 6, 2013, the Council of Ministers of Belarus authorised the compensation of the Belagroprombank in 2013-2014 for the export loan (11 Mio. USD) it issued to the state-owned «Shchuchinsky butter-cheese factory» based on commercial interest reference rates (CIRRs). CIRRs are the lowest interest rates, which may be applied under the OECD Arrangement on Guidelines for Officially Supported Export Credits" (European Commission). This compensations indirectly provides «Shchuchinsky butter-cheese factory» with a competitive advantage (through cheaper access to loans), which is most likely to affect foreign commercial interests.

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

222 Other dairy products
0402 Milk and cream, concentrated or containing added sugar or other sweetening matter.
040210 In powder, granules or other solid forms, of a fat content, by weight, not exceeding 1.5 %
040221 Not containing added sugar or other sweetening matter
0403 Buttermilk, curdled milk and cream, yogurt, kephir and other fermented or acidified milk and cream, whether or not concentrated or containing added sugar or other sweetening matter or flavoured or containing added fruit, nuts or cocoa.
040310 Yogurt
040390 Other
0405 Butter and other fats and oils derived from milk; dairy spreads.
040510 Butter
0406 Cheese and curd.
040610 Fresh (unripened or uncured) cheese, including whey cheese, and curd
040630 Processed cheese, not grated or powdered
040690 Other cheese

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