WORLD TRADE
ORGANIZATIONG/SCM/N/48/CYP
10 May 2001
(01-2406)
Committee on Subsidies
and Countervailing MeasuresOriginal:  English
SUBSIDIES
Updating Notification Pursuant to Article XVI:1
of the GATT 1994 and Article 25 of the SCM Agreement
CYPRUS
The following communication, dated 4 May 2001, has been received from the Permanent
Mission of Cyprus.
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The following is the Cypriot notification, updating the new and full notification contained in
document G/SCM/N/38/CYP.*
TABLE OF CONTENTS
Page
A. AGRICUL TURE .................................................................................................................. ... 2
1. Halloumi cheese ........................................................................................................... 2
2. Wine alcohol and other grape products..................................................................... 2
3. Fruit ........................................................................................................................ ...... 2
4. Pig-meat..................................................................................................................... ... 3
B. INDUS TRY ..................................................................................................................... ........ 3
1. Resource centre for th e clothing industry ................................................................. 3
2. Encouragement of establishment or expansion of manufacturing
industries in rural areas .............................................................................................. 3
3. Establishment of i ndustrial estates............................................................................. 3
4. Industrial Free Zone.................................................................................................... 3
5. Assistance to manufacturing industries to establish pollution control
systems ........................................................................................................................ .. 4
6. Duty relief for se lected industries............................................................................... 4
7. Promotion of handicrafts ............................................................................................ 4
8. Industrial restructuring and technical upgrading.................................................... 4
9. Promotion of locally manufactured products............................................................ 4
10. Grant for technological upgrading of the manufacturing sector ............................ 5
                                                     
* The average exchange rate between the Cyprus pound and the US dollar was £C 1 - US$1.93 in 1998.G/SCM/N/48/CYP
Page 2
Page
11. Subsidization of loan interest for technological upgrading of the manufacturing
industry....................................................................................................................... ............ 5
C. GENE RAL...................................................................................................................... ......... 5
1. Drawback on exported goods................................................................................................ 5
2. Exemption from taxation of profits derived from the exportation of locally
manufactured/produced goods ............................................................................................. 5
3. Export Credit Insurance Scheme ......................................................................................... 5
4. Incentives provided to exporters taki ng part in international trade fairs/
trade missions abroad.......................................................................................................... .. 6
5. Financial assistance for market research in fore ign markets ............................................ 6
A. AGRICULTURE
1. Halloumi Cheese
Period covered by the notification
Year 1998
Total payment in 1998
£C 81,000
2. Wine alcohol and other grape products
Period covered by the notification
Year 1998
Total payment in 1998
£C 1,128,515
3. Fruit
Period covered by the notification
Year 1998
Total payment in 1998
£C 582,000G/SCM/N/48/CYP
Page 3
4. Pig-meat
Period covered by the notification
Year 1998
Total payment in 1998
Nil
B. INDUSTRY
1. Resource centre for the clothing industry
Period covered by the notification
Year 1998
Total payment in 1998
£C 73,438
2. Encouragement of establishment or expansion of manufacturing industries in rural
areas
Period covered by the notification
Year 1998
Total payment in 1998
£C 192,000
3. Establishment of industrial estates
Period covered by the notification
Year 1998
Total payment in 1998
£C 1,321,520
4. Industrial Free Zone
Period covered by the notification
Year 1998
Total payment in 1998
£C 15,524G/SCM/N/48/CYP
Page 4
5. Assistance to manufacturing industries to establish pollution control systems
Period covered by the notification
Year 1998
Total payment in 1998
£C 54,736
6. Duty relief for selected industries
Period covered by the notification
Year 1998
Total payment in 1998
£C 1,460,325
7. Promotion of handicrafts
Period covered by the notification
Year 1998
Total payment in 1998
£C 200,000
8. Industrial restructuring and technical upgrading
Period covered by the notification
Year 1998
Total payment in 1998
£C 162,000
9. Promotion of locally manufactured products
Period covered by the notification
Year 1998
Total payment in 1998
£C 213,162G/SCM/N/48/CYP
Page 5
10. Grant for technological upgrading of the manufacturing sector
Period covered by the notification
Year 1998
Total payment in 1998
£C 2,346,740
11. Subsidization of loan interest for technological upgrading of the manufacturing industry
Period covered by the notification
Year 1998
Total payment in 1998
£C 791,691
C. GENERAL
1. Drawback on exported goods
Period covered by the notification
Year 1998
Total amount refunded in 1998
£C 1,456,816
2. Exemption from taxation of profits derived from the exportation of locally
manufactured/produced goods
Period covered by the notification
Year 1998
Total amount refunded in 1998
£C 418,071
3. Export Credit Insurance Scheme
Period covered by the notification
Year 1998
Total number of manufacturers/exporters covered by the scheme in 1998
60 membersG/SCM/N/48/CYP
Page 6
4. Incentives provided to exporters taking part  in international trade fairs/trade missions
abroad
Period covered by the notification
Year 1998
Total payment in 1998
£C 1,000,000
5. Financial assistance for market research in foreign markets
Period covered by the notification
Year 1998
Total payment in 1998
£C 21,000
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