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: 13 Feb 2014 | Removal date: open ended
Still in force

Interest payment subsidy

The Council of Ministers of the Republic of Belarus (according to Decree 126 of February 13, 2014) has introduced beneficial state support to the company Open JSC "Baranovichi Cotton Production Amalgamation' (JSC BCPA). The export-oriented company is a large manufacturer of textile products with a complete production cycle: from cotton processing and yarn production up to the manufacturing of ready-made goods. The main products manufactured by Open JSC 'BCPA' are: grey carded yarn from cotton fibre for knitting and weaving; cotton-polyester yarn from cotton fibre; grey, bleached, uni-dyed and printed fabrics of different weight; sateen; ready-made goods such as bed-linen sets; medical cloth; fabrics for overall.
 
In particular, the interest payments of its investment loan at the amount of EUR 23 612 500 provided by Belarusbank will be partially reimbursed.
 
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

266 Woven fabrics (except special fabrics) of cotton
5209 Woven fabrics of cotton, containing 85 % or more by weight of cotton, weighing more than 200 g/m2.
520919 Other fabrics
520929 Other fabrics
520932 3thread or 4thread twill, including cross twill
282 Wearing apparel, except fur apparel
6203 Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear).
620322 Of cotton
620342 Of cotton
6204 Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (other than swimwear).
620462 Of cotton
620463 Of synthetic fibres

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