IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: 01 Apr 2016 | Removal date: 28 Dec 2025
Still in force

Loan guarantee

 On 1 April 2016, the European Commission approved the extension of a state guarantee scheme for the shipbuilding industry. The scheme, initially approved in 2006, has now been prolonged until 31 December 2025.
The scheme was not only prolonged but also amended with risk ceiling raised from 2 to 3 billion EUR per project. Also, the maximum length of the guarantee was adjusted from 4 years to now depending on the type of project.
The initial scheme offers construction financing, down-payment guarantees and performance bonds to shipbuilding contracts worth between 40 and 900 million EUR (a total budget was not mentioned). It was originally planned until the end of 2010 but was then extended until 2015.
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.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

493 Ships
8901 Cruise ships, excursion boats, ferryboats, cargo ships, barges and similar vessels for the transport of persons or goods.
890110 Cruise ships, excursion boats and similar vessels principally designed for the transport of persons; ferryboats of all kinds
890120 Tankers
890190 Other vessels for the transport of goods and other vessels for the transport of both persons and goods
8904 Tugs and pusher craft.
890400 Tugs and pusher craft.
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.
890510 Dredgers
890590 Other
8906 Other vessels, including warships and lifeboats other than rowing boats.
890690 Other
494 Pleasure & sporting boats
8903 Yachts and other vessels for pleasure or sports; rowing boats and canoes.
890310 Inflatable
890391 Sailboats, with or without auxiliary motor
890392 Motorboats, other than outboard motorboats
890399 Other

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