IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 14 Nov 2013 | Removal date: open ended
Still in force

Loan guarantee

With Decree 511 of 14 November 2013, the President of Belarus approved the provision ofan investment loan (EUR 8.53million) in 2014-2016 from the state budgetary fund for national development to the export-oriented state-owned textile enterprise JSC "Sukno". Among its main export products are: woollen and semi-woollen fabrics, blankets and plaids as well as defence materials.

Furthermore, the government authorised the issuance of a state guarantee to cover the 2013-2016 (EUR 45.80million) and 2014-2015 (EUR 11.23million) loans, to be extended by Belarusbank. Their purpose is to increase the sales profitability and labour productivity in 2013-2024 of the enterprise. The first loan must be repaid not later than 31 December 2024; and the second in the period 2017-2023. However, the issuance and maturity dates of the state guarantee were not disclosed.

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

019 Forage; natural rubber; living plants; raw vegetable materials
5201 Cotton, not carded or combed.
520100 Cotton, not carded or combed.
029 Other animal products
5101 Wool, not carded or combed.
510111 Shorn wool
510119 Other
261 Natural textile fibres prepared for spinning
5101 Wool, not carded or combed.
510121 Shorn wool
279 Textiles n.e.c.
5911 Textile products and articles, for technical uses, specified in Note 7 to this Chapter.
591190 Other
282 Wearing apparel, except fur apparel
6117 Other made up clothing accessories, knitted or crocheted; knitted or crocheted parts of garments or of clothing accessories.
611790 Parts

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