RESTRICTED
WORLD TRADE WT/ACC/EST/20
3September 1997
ORGANIZATION(97-3546)
Original: English Working Party onthe
Accession ofEstonia
ACCESSION OFESTONIA
Draft Notification
1. Observer member toagreement notifying: Government ofEstonia
2. Agency responsible: Ministry ofEconomic Affairs
3. Notified under: Article 8.3(Non-actionable subsidies)
4. Title, number ofpages andlanguage(s) ofthenotified document:
Thenotified documents (thecharter oftheEstonian Innovation Foundation andthe
document establishing thereorganization oftheEstonian Innovation Foundation (Eesti
Innovatsioonifond) andtheEstonian Science Foundation (Eesti Teadusfond) willbe
based ontheLawforResearch andDevelopment Activities (Teadus- jaarendustegevuse
korralduse seadus) passed byRiigikogu on26March 1997.
Published inRiigi Teataja 22April 1997, No.30,itemNo.471,pages 980-986.
5. Description ofcontent:
Atpresent thedocument establishing thereorganization oftheEstonian Innovation
Foundation (Eesti Innovatsioonifond) aswellastheEstonian Science Foundation (Eesti
Teadusfond) andthecharter ofthenewinstitution based onthetwoabove-named
foundations arebeing drafted. Thename ofthenewinstitution willbeEstonian
Innovation Foundation (Sihtasutus Eesti Innovatsioonifond). Field ofactivity:
financing ofRTD. Thecharter oftheFoundation willprovide therules andrestrictions
inresearch anddevelopment financing levels -grants andloans inanamount upto
50percentofthetotalcostofaproject andonlyinapre-competitive industrial phase.
Atpresent Estonian Innovation Foundation follows thecharter approved bythe
Government oftheRepublic ofEstonia, 13May1993, published inRiigi Teataja
No.2628May1993. Theconditions offinancing ofRTD projects aresimilar withthe
onesdescribed above.
6. Objective andrationale:
Toencourage pre-competitive research anddevelopment activities ofbusinesses.
7. Other relevant documents:
LawforResearch andDevelopment Activities (Teadus- jaarendustegevuse korralduse
seadus) Riigi Teataja 1997, No.30,itemNo.471,pages 980-986. InEstonian only.
./.WT/ACC/EST/20
Page2
8. Entry intoForce: Nolaterthansixmonths beginning from 22April 1997.
9. Additional information available from:
Estonia 'sNational Enquiry Point
wtestenq@mineco.ee
10. Final dateforcomments: -