IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 04 Dec 2015 | Removal date: open ended
Still in force

Trade finance

 On 4 December 2015, the UK Export Finance agency announced in a press release that it had provided reinsurance to the Dutch Export Credit Agency Atradius with regards to a number of British exporters involved in the FPSO Cidade de Saquarema project.
The approximately 40 British companies are involved in the construction of the Floating, Production, Storage and Offloading (FPSO) vessel, which will be used for oil extraction off the Brazilian coast. UKEF estimated the support at 50 million USD.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
Brazil imports the specified product from Japan and China. However, as part of the vessel was to be constructed in China, only Japan was selected as an affected trading partner.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

493 Ships
8905 Lightvessels, firefloats, dredgers, floating cranes and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms.
890520 Floating or submersible drilling or production platforms
890590 Other

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