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Communication from the Commission Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (2020/C 91 I/01).

Country/Territory
European Union
Document type
Regulation
Date
2020
Source
FAO, FAOLEX
Original source
Official Journal of the European Union 91I , 20.3.2020, p. 1-9
Subject
Agricultural & rural development, Fisheries, General
Keyword
Hazards Credit Tax/levy Subsidy/incentive Inland fisheries Marine fisheries
Geographical area
European Union Countries
Abstract

The Temporary Framework recognizes that the entire EU economy is experiencing a serious disturbance. Based on Article 107(3)(b) of the Treaty on the Functioning of the European Union it enables Member States to use the full flexibility foreseen under State aid rules to support the economy, while limiting negative consequences to the level playing field in the Single Market. In regard to Fishery, aquaculture and agriculture, Section 3.1 allows Member States to support affected fishermen and aquaculture producers by allowing aid up to a level of EUR 120,000 per undertaking through direct grants, repayable advances or tax advantages. The Commission will consider such State aid compatible with the internal market on the basis of Article 107(3)(b) TFEU, provided that all the specified conditions are met.

Full text
English
Website
eur-lex.europa.eu

References - Legislation

Amended by

Communication from the Commission on the Amendment to the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak (2020/C 112 I/01).

Legislation | European Union | 2020

Keyword: Hazards, Subsidy/incentive, Marine fisheries, Inland fisheries, Aquaculture, Credit

Source: FAO, FAOLEX