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

Loan guarantee

On February 20, 2014, the province of Newfoundland and Labrador finalized a Can.$110-million (U.S.$85.3 million) loan agreement with Corner Brook Pulp and Paper. The main objective of the loan was to refinance existing debt and working capital. The longer-term objective is to carry out capital projects that will reduce costs, improve productivity and increase the mill's competitiveness on the global newsprint market.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

321 Pulp, paper & paperboard
4801 Newsprint, in rolls or sheets.
480100 Newsprint, in rolls or sheets.

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