IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

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: 23 May 2013 | Removal date: 22 May 2017
Still in force

Trade finance

With Decree 416 of May 23, 2013, the Council of Ministers of Belarus stipulated Belarusbank to be compensated from the 2013-2016 state budget for the export loan (USD 40.5 million) it provided to Joint-Stock Company "Mogilev Metallurgical Works"at beneficial interest rates, based on Commercial Interest Reference Rate (CIRR). This is the minimum interest rates, which may be applied under the OECD arrangement on guidelines for officially supported export credits.
 
Joint-Stock Company "Mogilev Metallurgical Works" is the largest producer of steel tubes in Belarus. Among its main export markets are: Germany, Poland, Czech Republic, Bulgaria, Sweden, the Netherlands, Romania, Hungary, Finland, Slovakia.
 
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

412 Products of iron or steel
7304 Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel.
730419 Other
730423 Other drill pipe
730429 Other
730439 Other
730459 Other

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