RESTRICTED
WORLD TRADE G/SCM/Q2/MYS/5
27June1996
ORGANIZATION(96-2476)
Original: Spanish Committee onSubsidies andCountervailing Measures
SUBSIDIES
Questions from ARGENTINA Regarding theFull
andComplete Notification ofMALAYSIA1
Thefollowing communication, dated 10June1996, hasbeenreceived from thePermanent
Mission ofArgentina.
_______________
1. Local content requirement attached toincentives
(a) Initsnotification, Malaysia states that"theuseoflocalcontent istaken intoaccount inthe
granting ofinvestment incentives ...". Does Malaysia consider thisrequirement compatible withthe
ruleinArticle 3.1(b) oftheAgreement?
2. Export Credit Refinancing Programme
(a) Initsnotification Malaysia states thatexporters mayobtain refinancing oftheirexport credits
ataninterest rateof6percentperannum. Isthisamarket rate,asrequired byAnnex I,paragraph (k),
oftheAgreement?
1G/SCM/N/3/MYS.