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: 11 Sep 2014 | Removal date: open ended
Still in force

State loan

On 11 September 2014, the government of Venezuela announced the distribution to 43 domestic companies of loans with a total amount exceeding 300,000,000 USD. The initiative was taken with the intention of boosting the national economic development.
 
In addition, the Bank for Foreign Trade (Bancoex) and the Bank for Economic and Social Development of Venezuela (Bandes) allocated 113,328,082 USD to five companies in the manufacturing sector.
 
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

021 Live animals
0105 Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls.
010511 Fowls of the species Gallus domesticus
212 Prepared & preserved fish, crustaceans, molluscs
0303 Fish, frozen, excluding fish fillets and other fish meat of heading 03.04.
030313 Atlantic salmon (Salmo salar) and Danube salmon (Hucho hucho)
030342 Yellowfin tunas (Thunnus albacares)
030344 Bigeye tunas (Thunnus obesus)
030355 Jack and horse mackerel (Trachurus spp.)
030357 Swordfish (Xiphias gladius)
030383 Toothfish (Dissostichus spp.)
030389 Other
293 Footwear other than sports footwear
6404 Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of textile materials.
640419 Other
640420 Footwear with outer soles of leather or composition leather
294 Sports footwear, except skating boots
6404 Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of textile materials.
640411 Sports footwear; tennis shoes, basketball shoes, gym shoes, training shoes and the like
351 Paints & varnishes & related products; artists' colours; ink
3208 Paints and varnishes (including enamels and lacquers) based on synthetic polymers or chemically modified natural polymers, dispersed or dissolved in a nonaqueous medium; solutions as defined in Note 4 to this Chapter.
320810 Based on polyesters
320820 Based on acrylic or vinyl polymers
320890 Other
3209 Paints and varnishes (including enamels and lacquers) based on synthetic polymers or chemically modified natural polymers, dispersed or dissolved in an aqueous medium.
320910 Based on acrylic or vinyl polymers
320990 Other
364 Packaging products of plastics
3923 Articles for the conveyance or packing of goods, of plastics; stoppers, lids, caps and other closures, of plastics.
392310 Boxes, cases, crates and similar articles
392321 Of polymers of ethylene
392329 Of other plastics
392330 Carboys, bottles, flasks and similar articles
392350 Stoppers, lids, caps and other closures
392390 Other
369 Other plastics products
3925 Builders' ware of plastics, not elsewhere specified or included.
392520 Doors, windows and their frames and thresholds for doors
392530 Shutters, blinds (including Venetian blinds) and similar articles and parts thereof
392590 Other
432 Pumps, compressors, hydraulic & pneumatic power engines; parts
8414 Air or vacuum pumps, air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters.
841410 Vacuum pumps
841430 Compressors of a kind used in refrigerating equipment
841440 Air compressors mounted on a wheeled chassis for towing
841480 Other
841490 Parts
439 Other general-purpose machinery & parts
8414 Air or vacuum pumps, air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters.
841459 Other
447 Weapons & ammunition & parts
9306 Bombs, grenades, torpedoes, mines, missiles and similar munitions of war and parts thereof; cartridges and other ammunition and projectiles and parts thereof, including shot and cartridge wads.
930621 Cartridges
448 Domestic appliances & parts
8414 Air or vacuum pumps, air or other gas compressors and fans; ventilating or recycling hoods incorporating a fan, whether or not fitted with filters.
841451 Table, floor, wall, window, ceiling or roof fans, with a self contained electric motor of an output not exceeding 125 W
841460 Hoods having a maximum horizontal side not exceeding 120 cm
8508 Vacuum cleaners.
850811 Of a power not exceeding 1,500 W and having a dust bag or other receptacle capacity not exceeding 20 l
850870 Parts

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