IMPLEMENTATION LEVEL

IFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 14 Dec 2015 | Removal date: open ended
Still in force

State loan

 On 14 December 2015, the European Investment Bank agreed to provide 15 million EUR for the production of biochemicals and bioplastics by Novamont SpA, as part of the European Fund for Strategic Investments (henceforth: EFSI).
EFSI support does not fall under EU State Aid rules as it is meant as a tool to address "market failures or sub-optimal investment situations". However, the investment support does include favourable conditions in the form of public assumption of risk.
As described in the European Commission's Fact Sheet form 20 July 2015: "The type of risk-financing instruments will be designed so as to take uncertainty out ("first loss protection") of as such viable projects and therefore crowd-in private sector investments. Since the EFSI will take riskier tranches in investment projects, the private sector will be able to join under more favourable conditions." Furthermore, the EIB states that "The new initiative 'i.e. the EFSI' will benefit from the EIB's strong credit standing that enables funding at favourable conditions and across maturities".
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support proposed here is discriminatory.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

354 Chemical products n.e.c.
3301 Essential oils (terpeneless or not), including concretes and absolutes; resinoids; extracted oleoresins; concentrates of essential oils in fats, in fixed oils, in waxes or the like, obtained by enfleurage or maceration; terpenic byproducts of the deterpe
330112 Of orange
330113 Of lemon
330119 Other
330124 Of peppermint (Mentha piperita)
330129 Other
330190 Other
3302 Mixtures of odoriferous substances and mixtures (including alcoholic solutions) with a basis of one or more of these substances, of a kind used as raw materials in industry; other preparations based on odoriferous substances, of a kind used for the manufa
330210 Of a kind used in the food or drink industries
330290 Other
363 Semi-manufactures of plastics
3916 Monofilament of which any crosssectional dimension exceeds 1 mm, rods, sticks and profile shapes, whether or not surface worked but not otherwise worked, of plastics.
391610 Of polymers of ethylene
391620 Of polymers of vinyl chloride
391690 Of other plastics
3917 Tubes, pipes and hoses, and fittings therefor (for example, joints, elbows, flanges), of plastics.
391710 Artificial guts (sausage casings) of hardened protein or of cellulosic materials
391721 Of polymers of ethylene
391722 Of polymers of propylene
391723 Of polymers of vinyl chloride
391729 Of other plastics
391731 Flexible tubes, pipes and hoses, having a minimum burst pressure of 27.6 MPa
391732 Other, not reinforced or otherwise combined with other materials, without fittings
391733 Other, not reinforced or otherwise combined with other materials, with fittings
391739 Other
391740 Fittings
364 Packaging products of plastics
3923 Articles for the conveyance or packing of goods, of plastics; stoppers, lids, caps and other closures, of plastics.
392310 Boxes, cases, crates and similar articles
392321 Of polymers of ethylene
392329 Of other plastics
392330 Carboys, bottles, flasks and similar articles
392340 Spools, cops, bobbins and similar supports
392350 Stoppers, lids, caps and other closures
392390 Other

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