ANNOUNCEMENT 06 Apr 2016

In April 2016, the government of Belarus announced a new trade finance instrument.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Decree of the Council of Ministers of Belarus N279 dated 06.04.2016, Об утверждении Положения о порядке предоставления открытым акционерным обществом ”Банк развития Республики Беларусь“ экспортных кредитов организациям, не являющимся резидентами Республики Беларусь, и перечня товаров, на приобретение которых предоставляются экспортные кредиты, (On Approving Regulations on Export Loans from the Bank of Development of the Republic of Belarus to Companies not Resident in the Republic of Belarus and the List of Goods Covered by Export Loans), http://www.government.by/ru/solutions/2454

Inception date: 06 Apr 2016 | Removal date: open ended

Trade finance

Decree No. 279 of the Council of Ministers of the Republic of Belarus of 6 April 2016 established new export support for designated Belarusian products.
Follwing the decree, the state Development Bank of the Republic of Belarus is to provide buyer's credit for products of Belarusian origin. The eligible products are enumerated in the decree on the HS 4-digit level. No concrete credit limits are mentioned.
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.