ANNOUNCEMENT 20 Feb 2015In February 2015, the government of Argentina announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Fund for Transformation and Growth (2015) "Mendoza otorgar? cr?ditos con tasa subsidiada a productores vitivin?colas".http://www.ftyc.gob.ar/noticias/2015/02/20/mendoza-otorgara-creditos-con-tasa-subsidiada-productores-vitivinicolas
On 20 February 2015, the Ministry of Agroindustry and Technology of Argentina through the Fund for Transformation and Growth, signed an agreement with the National Bank and the Ministry of Agriculture, Livestock and Fisheries, for the provision of loans to wine producers at favorable rates.
To support wine producers in harvesting and transportation of wine, the National Bank shall extend credit with an annual interest rate of 14 percent. Exporters shall also benefit, but exporting is not an eligibilty condition.
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.
Due to a lack of available Comtrade data for 2014, the affected trading partners have been selected using trade data for 2013.