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: 05 Jun 2013 | Removal date: 04 Jun 2016
Still in force

Trade finance

With Decree 456 of June 5, 2013, the Council of Ministers of Belarus stipulated Belarusbank to be compensated from the 2013-2015 state budget for the credit line it extended to «Lakokraska» (with a maximum amount of EUR 22 million) at beneficial interest rates, based on Commercial Interest Reference Rate (CIRR). This is the minimum interest rate, which may be applied under the OECD arrangement on guidelines for officially supported export credits. The purpose of the loan is to finance the production and realisation of goods for export. Among others, «Lakokraska» produces enamels, paints and lacquers.
 
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

351 Paints & varnishes & related products; artists' colours; ink
3208 Paints and varnishes (including enamels and lacquers) based on synthetic polymers or chemically modified natural polymers, dispersed or dissolved in a nonaqueous medium; solutions as defined in Note 4 to this Chapter.
320810 Based on polyesters
320820 Based on acrylic or vinyl polymers
320890 Other
3209 Paints and varnishes (including enamels and lacquers) based on synthetic polymers or chemically modified natural polymers, dispersed or dissolved in an aqueous medium.
320910 Based on acrylic or vinyl polymers
3210 Other paints and varnishes (including enamels, lacquers and distempers); prepared water pigments of a kind used for finishing leather.
321000 Other paints and varnishes (including enamels, lacquers and distempers); prepared water pigments of a kind used for finishing leather.

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