IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Oct 2009 | Removal date: 31 Dec 2010
Still in force

Trade finance

By the President Decree from 24 September 2009 # 466, the Belarusian government has initiated the procedure of payment from the Belarusian republican budget of interests on bank loans extended to Russian residents for acquisition of Belarusian exports and approved the list of products subject to preferences. The Council of Ministers signed relevant resolution #1274 as well.
 
The government believes the measure is essential to promote Belarusian products on the Russian market, since the Russian authorities banned preferential loans to domestic buyers wishing to acquire Belarusian exports. This measure also will increase amount foreign currency in Belarus. Some U.S. $13 million from the state budget will be spent to implement the measure. Those loans will be issued in 2009-2010 for up to five years.
 
The list includes OAO MAZ trucks, buses, trailers, cranes and trolleybuses, MTZ tractors, OAO Bobruiskagromash fodder machinery and fertilizer application machines, trailed units and flax harvesters, Gomselmash Polesye fodder harvesters and grain harvesters, and BelAZ trucks.
 
The Industry Ministry will submit to the Council of Ministers the draft resolution with detailed conditions of lending by the non-resident bank of non-resident legal entities, as well as compensation conditions.
The Belarusian government identified OAO BPS-Bank as the resident bank and OAO Sberbank as the non-resident bank.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

441 Agricultural or forestry machinery & parts
8433 Harvesting or threshing machinery, including straw or fodder balers; grass or hay mowers; machines for cleaning, sorting or grading eggs, fruit or other agricultural produce, other than machinery of heading 84.37.
843340 Straw or fodder balers, including pickup balers
843351 Combine harvesterthreshers
843359 Other
843390 Parts
8701 Tractors (other than tractors of heading 87.09).
870190 Other
491 Motor vehicles, trailers & semi-trailers; parts
8701 Tractors (other than tractors of heading 87.09).
870120 Road tractors for semitrailers

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