IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

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: 22 Mar 2013 | Removal date: open ended
Still in force

Financial grant

On 22 March 2013, the Republic of Serbia signed a Protocol on Mutual Relations with Fiat automobili Srbija. According to the Protocol, the Serbian Government will advance Fiat with a state aid worth EUR 14 million.
The imposed conditions include the employment of Serbian nationals. Furthermore, the new car model 'Nacionale 500L' shall be sold on the domestic market with a dicount of EUR 3000 compared to the internaitonal list price. Finally, Fiat's banking arm shall offer to Serbian buyers financing for the purchase of said vehicle with interest not exceeding a 3% annual rate. 
 
The GTA includes state guarantees and other financial incentives thatare likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, andfrom foreign subsidiaries.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

491 Motor vehicles, trailers & semi-trailers; parts
8703 Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars.
870321 Of a cylinder capacity not exceeding 1,000 cc
870322 Of a cylinder capacity exceeding 1,000 cc but not exceeding 1,500 cc
870323 Of a cylinder capacity exceeding 1,500 cc but not exceeding 3,000 cc
870324 Of a cylinder capacity exceeding 3,000 cc
870331 Of a cylinder capacity not exceeding 1,500 cc
870332 Of a cylinder capacity exceeding 1,500 cc but not exceeding 2,500 cc
870333 Of a cylinder capacity exceeding 2,500 cc

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