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: 03 Jun 2013 | Removal date: 02 Jun 2016
Still in force

Trade finance

With Decree 440 of June 3, 2013, the Council of Ministers of Belarus stipulated Belvnesheconombank to be compensated from the 2013-2015 state budget for the export credit line at the amount of USD 20 million it provided to 'Svetlogorsk pulp & board plant' 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. Among the main products that 'Svetlogorsk pulp & board plant' manufactures are: transport packages from corrugated cardboard, boxes of corrugated board and paper bags.
 
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

321 Pulp, paper & paperboard
4808 Paper and paperboard, corrugated (with or without glued flat surface sheets), creped, crinkled, embossed or perforated, in rolls or sheets, other than paper of the kind described in heading 48.03.
480810 Corrugated paper and paperboard, whether or not perforated

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