WORLD TRADE
ORGANIZATIONG/SCM/N/25/CYP
16 August 1999
(99-3441)
Committee on Subsidies
and Countervailing MeasuresOriginal:  English
SUBSIDIES
Updating Notification Pursuant to Article XVI:1 of the GATT 1994
and Article 25 of the Agreement on Subsidies and
Countervailing Measures
CYPRUS
The following communication, dated 4 August 1999, has been received from the Permanent
Mission of Cyprus.
_______________
The following is the Cypriot notification for 1996, updating the new and full notification
submitted for the years 1993-1995.
TABLE OF CONTENTS
Page
A. AGRICULTURE  ................................................................................................................... 2
(i)Ηalloumi ch eese ......................................................................................................... 2
(ii) Wine alcohol and ot her grape pr oducts ...................................................................... 2
(iii) Fru it .................................................................................................................... ........ 2
(iv) Pig m eat .................................................................................................................. .... 2
B. INDUSTRY  ............................................................................................................................ 3
(v) Resource centre for th e clothing industry ................................................................... 3
(vi) Encouragement of establishment or expansion of manufacturing industries
in rural areas ............................................................................................................... 3
(vii) Establishment of Industrial Es tates ............................................................................ 3
(viii) Industrial Free Zone ................................................................................................... 3
(ix) Assistance to manufacturing industries to establish pollution
control sy stems ........................................................................................................... 3
(x) Duty relief for sele cted indust ries .............................................................................. 4
(xi) Promotion of Handicrafts ........................................................................................... 4
(xii) Industrial Restructuring and Technical Upgrading .................................................... 4
(xiii) Promotion of locally manufactured products ............................................................. 4
(xiv) Grant for technological upgrading  of the manufactu ring sector ................................ 4
(xv) Subsidization of loan interest for technological upgrading of the
manufacturing in dustry .............................................................................................. 5G/SCM/N/25/CYP
Page 2
Page
C. GENERAL  ............................................................................................................................. 5
(xvi) Drawback on exported goods ..................................................................................... 5
(xvii) Exemption from taxation of profits derived from the exportation of
locally manufactured/ produced goods ....................................................................... 5
(xviii) Export Credit In surance Scheme ................................................................................ 5
(xix) Incentives provided to exporters taking part in international trade
fairs/trade missi ons abroad ......................................................................................... 5
(xx) Financial assistance for market research in fore ign mark ets ...................................... 6
*  Τhe average exchange rate between the Cyprus pound and the US Dollar
was £C1.-US$2.14 in 1996.
A. AGRICULTURE
(i) Halloumi cheese
Period covered by the notification
Year 1996
Total Payment in 1996
£C 86,000
(ii) Wine alcohol and other grape products
Period covered by the notification
Year 1996
Total Payment in 1996
£C1,054,689
(iii) Fruit
Period covered by the notification
Year 1996
Total Payment in 1996
£C 257,000
(iv) Pig meat
Period covered by the notification
Year 1996G/SCM/N/25/CYP
Page 3
Τotal Payment in 1996
£C20,000
B. INDUSTRY
(v) Resource centre for the clothing industry
Period covered by the notification
Year 1996
Total payment in 1996
Nil
(vi) Encouragement of establishment or expansion of manufacturing industries in
rural areas
Period covered by the notification
Year 1996
Total Payment in 1996
£C233,000
(vii) Establishment of Industrial Estates
Period covered by the notification
Year 1996
Total payment in 1996
£C1,458,972
(viii) Industrial Free Zone
Period covered by the notification
Year 1996
Total payment in 1996
£C8,158
(ix) Assistance to manufacturing industries to establish pollution control systems
Period covered by the notification
Year 1996G/SCM/N/25/CYP
Page 4
Total payment in 1996
£C107,000
(x) Duty relief for Selected Industries
Period covered by the notification
Year 1996
Total Payment in 1996
£C9,049,496
(xi) Promotion of Handicrafts
Period covered by the notification
Year 1996
Total payment in 1996
£C170,000
(xii) Industrial Restructuring & Technical Upgrading
Period covered by the notification
Year 1996
Total payment in 1996
£C123,650
(xiii) Promotion of locally manufactured products
Year 1996
Total payment in 1996
£C31,351
(xiv) Grant for technological upgrading of the manufacturing sector
Period covered by the notification
Year 1996
Total payment in 1996
NilG/SCM/N/25/CYP
Page 5
(xv) Subsidization of loan interest for technological upgrading of the manufacturing
industry
Period covered by the notification
Year 1996
Total payment in 1996
Nil
C. GENERAL
(xvi) Drawback on exported goods
Period covered by the notification
Year 1996
Total amount refunded in 1996
£C3,552,350
(xvii) Exemption from taxation of profits derived from the exportation of locally
manufactured/produced goods.
Period covered by the notification
Year 1996
Total amount refunded in 1996
£C351,904
(xviii) Export Credit Insurance Scheme
Period covered by the notification
Year 1996
Total number of manufacturers/exporters covered by the scheme in 1996: about 80 members
(xix) Incentives provided to exporters taking  part in international trade fairs/trade
missions abroad
Period covered by the notification
Year 1996
Total payment in 1996
£C709,000G/SCM/N/25/CYP
Page 6
(xx) Financial assistance for Market research in foreign markets
Period covered by the notification
Year 1996
Total payment in 1996
£C12,000
__________