IMPLEMENTATION LEVEL

Subnational

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

State loan

On February 20, 2014 Premier Tom Marshall of Newfoundland and Labrador announced that the provincial government and Corner Brook Pulp and Paper Limited have signed a loan agreement and a power assets and water rights purchase agreement. The company will be provided with a fully repayable loan up to Can.$110 million (US$88.3 million). Approximately Can.$85 million (US$68.3 million) will be released at the beginning of the agreement to allow the company to refinance existing debt, and for working capital. The remaining Can.$25 million (US$20.1 million) will be provided as planned capital improvements are completed.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

321 Pulp, paper & paperboard
4703 Chemical wood pulp, soda or sulphate, other than dissolving grades.
470321 Coniferous
470329 Nonconiferous
4704 Chemical wood pulp, sulphite, other than dissolving grades.
470411 Coniferous
470421 Coniferous
470429 Nonconiferous
4801 Newsprint, in rolls or sheets.
480100 Newsprint, in rolls or sheets.
4802 Uncoated paper and paperboard, of a kind used for writing, printing or other graphic purposes, and non perforated punch cards and punch tape paper, in rolls or rectangular (including square) sheets, of any size, other than paper of heading 48.01 or 48.03
480254 Weighing less than 40 g/m²
480255 Weighing 40 g/m² or more but not more than 150 g/m², in rolls
480256 Weighing 40 g/m² or more but not more than 150 g/m², in sheets with one side not exceeding 435 mm and the other side not exceeding 297 mm in the unfolded state
480257 Other, weighing 40 g/m² or more but not more than 150 g/m²
480258 Weighing more than 150 g/m²
480261 In rolls
480262 In sheets with one side not exceeding 435 mm and the other side not exceeding 297 mm in the unfolded state
480269 Other

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