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: 15 Nov 2017 | Removal date: open ended
Still in force

Trade finance

The guarantee approved by the Italian Eximbank SACE for a credit line issued by UniCredit to Italian LeMur has a total value of EUR 250 million (USD 294.8 million). The approval of the guarantee was announced on 15 November 2017 in a press release. 

The loan and guarantee support the Italian company's development of new industrial applications of silicon yarn with foreign partners.

In this context, SACE stated in a press release: "With this operation, SACE and UniCredit confirm their commitment to support Italian companies in the textile field, where Made in Italy plays a prominent role on a global scale."

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

264 Textile yarn & thread of man-made filaments or staple fibres
5509 Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale.
550911 Single yarn
550912 Multiple (folded) or cabled yarn
550921 Single yarn
550922 Multiple (folded) or cabled yarn
550931 Single yarn
550932 Multiple (folded) or cabled yarn
550941 Single yarn
550942 Multiple (folded) or cabled yarn
550959 Other
550961 Mixed mainly or solely with wool or fine animal hair
550962 Mixed mainly or solely with cotton
550969 Other
550991 Mixed mainly or solely with wool or fine animal hair
550999 Other

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