IMPLEMENTATION LEVEL

IFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 04 Apr 2019 | Removal date: open ended

State loan

On 4 April 2019, the Nordic Investment Bank (NIB) and Orkla ASA signed a loan agreement having a total value of EUR 90 million (approx. USD 101 million). The loan will support the construction of the company's new headquarters as well as its investment programme "Project One". The investment programme aims at creating a single "enterprise resource planning solution". The maturity of the loan is 10 years. 

According to the NIB, the supported investment project: "seeks to strengthen (ed. the) company’s competitiveness through enabling more effective work procedures across the organization by providing a common platform for sharing information, products and knowledge."

Orkla ASA has its headquarters in Norway with its main markets being in the Nordic and Baltic region whilst also being present in other countries around the world. The company is a supplier of branded consumer goods in the area of food, snacks, cleaning products, food ingredients and care products. According to the company, the Group hired around 18,500 employees and had a turnover of NOK 41 billion in 2018.

The NIB is an international financing bank and is jointly owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The bank provides financing to private and public projects mainly located in the eight countries at attractive conditions. The eligibility criteria of NIB financing is that: "All projects financed by NIB should improve competitiveness and/or the environment, in accordance with NIB's mandate and eligibility criteria. Furthermore, outside the membership area, projects financed by NIB should be of mutual interest to the country of the borrower and the member countries." 

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

011 Cereals
1005 Maize (corn).
100590 Other
212 Prepared & preserved fish, crustaceans, molluscs
1604 Prepared or preserved fish; caviar and caviar substitutes prepared from fish eggs.
160412 Herrings
160413 Sardines, sardinella and brisling or sprats
160414 Tunas, skipjack and bonito (Sarda spp.)
160419 Other
160420 Other prepared or preserved fish
213 Prepared & preserved vegetables, pulses & potatoes
2005 Other vegetables prepared or preserved otherwise than by vinegar or acetic acid, not frozen, other than products of heading 20.06.
200520 Potatoes
231 Grain mill products
1904 Prepared foods obtained by the swelling or roasting of cereals or cereal products (for example, corn flakes); cereals (other than maize (corn)) in grain form or in the form of flakes or other worked grains (except flour, groats and meal), precooked, or o
190420 Prepared foods obtained from unroasted cereal flakes or from mixtures of unroasted cereal flakes and roasted cereal flakes or swelled cereals
236 Cocoa, chocolate & sugar confectionery
1704 Sugar confectionery (including white chocolate), not containing cocoa.
170490 Other
1806 Chocolate and other food preparations containing cocoa.
180620 Other preparations in blocks, slabs or bars weighing more than 2 kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, of a content exceeding 2 kg
180631 Filled
239 Food products n.e.c.
1905 Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products.
190590 Other
2102 Yeasts (active or inactive); other singlecell microorganisms, dead (but not including vaccines of heading 30.02); prepared baking powders.
210210 Active yeasts
2103 Sauces and preparations therefor; mixed condiments and mixed seasonings; mustard flour and meal and prepared mustard.
210320 Tomato ketchup and other tomato sauces
210390 Other
2104 Soups and broths and preparations therefor; homogenised composite food preparations.
210410 Soups and broths and preparations therefor
210420 Homogenised composite food preparations
2106 Food preparations not elsewhere specified or included.
210690 Other
352 Pharmaceutical products
2936 Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, whether or not in any solvent.
293621 Vitamins A and their derivatives
293622 Vitamin B1 and its derivatives
293627 Vitamin C and its derivatives
293628 Vitamin E and its derivatives
293629 Other vitamins and their derivatives
3005 Wadding, gauze, bandages and similar articles (for example, dressings, adhesive plasters, poultices), impregnated or coated with pharmaceutical substances or put up in forms or packings for retail sale for medical, surgical, dental or veterinary purposes.
300590 Other
353 Soap, cleaning preparations, perfumes & toilet preparations
3304 Beauty or makeup preparations and preparations for the care of the skin (other than medicaments), including sunscreen or sun tan preparations; manicure or pedicure preparations.
330499 Other
3305 Preparations for use on the hair.
330510 Shampoos
330530 Hair lacquers
330590 Other
3306 Preparations for oral or dental hygiene, including denture fixative pastes and powders; yarn used to clean between the teeth (dental floss), in individual retail packages.
330610 Dentifrices
330620 Yarn used to clean between the teeth (dental floss)
3402 Organic surfaceactive agents (other than soap); surfaceactive preparations, washing preparations (including auxiliary washing preparations) and cleaning preparations, whether or not containing soap, other than those of heading 34.01.
340220 Preparations put up for retail sale
340290 Other

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