Slovak News - Oct 96 - Law On Fund To Support Foreign Trade

The main sources of this fund shall be compulsory contributions of inland exporters and importers amounting to 0.1 % of export and import value. The state contributions to support selected activities shall be determined by the state budget (next year expected to be SK 250-300 million).

The Fund will be used to cover the reimbursement of expenses for inland exporters and importers on trade fairs, up to 50 % of the total expense at the most.

Pursuant to the law adopted by the government, the Fund is to be established as of January 1, 1997.

The content of this article is intended to provide a general guide to the subject matter. It is therefore not a substitute for specialist advice.

For further information contact Ruth Clamp, Arthur Andersen Bratislava on tel: +42 7 5340 545, fax: 42 7 5340 542 or e:mail directly to ruth.a.clamp@ArthurAndersen.com or enter text search 'Arthur Andersen' and 'Business Monitor'.