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: 27 Aug 2013 | Removal date: 26 Dec 2014
Still in force

Trade finance

With Decree Nr. 753 of August 27, 2013, the Council of Ministers of Belarus stipulated BPS Sberbank to be compensated from the 2013-2014 state budget for the export credit line at the amount of USD 10 million it provided to OJSC 'Bobruiskagromash' at beneficial interest rates, based on Commercial Interest Reference Rate (CIRR). The latter is the minimum interest rate, which may be applied under the OECD arrangement on guidelines for officially supported export credits. 'Bobruiskagromash' manufactures the following products: machines for liquid organic fertilizer application, machines for solid organic fertilizer application, machines for mineral fertilizer application, machines for forage harvesting and storage, machines for feed preparation and distribution, machinery for flax harvesting, trailers and semi-trailers, equipment for final grain processing and storage, equipment for post-harvest handling of potatoes, tillage equipment, weighing equipment. Many, if not all of these products, can be traded internationally.
 
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

441 Agricultural or forestry machinery & parts
8432 Agricultural, horticultural or forestry machinery for soil preparation or cultivation; lawn or sportsground rollers.
843210 Ploughs
843229 Other
843230 Seeders, planters and transplanters
843240 Manure spreaders and fertiliser distributors
843290 Parts

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