IMPLEMENTATION LEVEL

NFI

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: 27 May 2016 | Removal date: open ended
Still in force

State loan

The Bank of the Argentinian Nation together with the Agroindustry Ministry granted 800 million pesos (ca. USD 57.2 million) in credits that will be channelled through 650 approved projects aimed at increasing the production of meat (80% corresponds to cattle breeding, 10% to poultry production, and the remaining 10% to porcine and ovine production). This finance package called "Financing for livestock and meat production"("Financiamiento para la producción de Ganados y Carnes"), will be implemented in three tranches and is earmarked for working capital associated with investment and development expenses.

The credit line consists of an annual bonus of 6 percentage points in the nominal interest rate of credits given to small and medium-sized cattle ranchers which would usually have a nominal interest rate of 22% nominal annual investment for 5 years.

The maximum amounts of financing with a subsidised interest rate reach 2.5 million pesos (ca. USD 179.000) per producer for investments and 500 thousand pesos (ca. USD 36.000) for working capital and development expenses. The payment period implemented is up to 5 years for investments and 12 months for credits related to working capital and development expenses.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

021 Live animals
0103 Live swine.
010392 Weighing 50 kg or more
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

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