IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

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: 29 Aug 2017 | Removal date: open ended
Still in force

Loan guarantee

The guarantee approved by the Italian Eximbank SACE for a loan issued by Crédit Agricole Cariparma to Italian Serioplast has a total value of EUR 30 million (USD 36 million).  The approval of the guarantee was announced on 29 August 2017 in a press release.

The loan and guarantee support Serioplast's 2016-2020 investment plan focussing on purchasing new production equipment and technology in connection with the company's production activities of rigid plastic packaging service, hereunder "customized, rigid plastic bottle packaging". The investment plan additionally seeks to strengthen the company's "presence in the extra-EU markets, especially in Russia".

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

364 Packaging products of plastics
3923 Articles for the conveyance or packing of goods, of plastics; stoppers, lids, caps and other closures, of plastics.
392330 Carboys, bottles, flasks and similar articles

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