IMPLEMENTATION LEVEL

National

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: 30 May 2012 | Removal date: 28 Dec 2014
Still in force

Trade finance

On 30 May 2012, the European Commission approved a prolongation of the horizontal aid and export financing schemes for the Spanish shipbuilding industry. Both schemes, originally approved on 3 March 2004, were prolonged until 31 December 2013 and the annual budgets of respectively 20 million EUR and 38 million EUR kept.
However, the export financing scheme was extended to also include ships with over 100 gross tons, while the horizontal aid scheme was amended to include a maximum aid intensity of 20%. Furthermore, the state aid will no longer finance "fundamental research" and does not allow colaborations between private entities and research organisations. (par.8, letter from the EC to Spain, 30.05.2012)
In the letter to the member state, the Commission argued that "on the basis of the foregoing assessment and taking into account the commitments of the Spanish authorities, the Commission considers that the notified aid measures continue to be compatible with the internal market." (par. 37)
Update 1:
On 19 December 2013, the European Commission granted a further extention of the schemes until 30 June 2014. The export financing programme would receive a further 45 million EUR, whereas the horizontal aid one another 10 million EUR in the time frame. As these budget changes are not substantial, the prolongation shall not be classified as a new measure.
Update 2:
On 30 June 2014, the EC allowed the extention of the horizontal aid scheme (only the research & innovation and innovation parts) until 31 December 2014.

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
8902 Fishing vessels; factory ships and other vessels for processing or preserving fishery products.
890200 Fishing vessels; factory ships and other vessels for processing or preserving fishery products.
8904 Tugs and pusher craft.
890400 Tugs and pusher craft.
8906 Other vessels, including warships and lifeboats other than rowing boats.
890610 Warships
890690 Other
8907 Other floating structures (for example, rafts, tanks, coffer dams, landingstages, buoys and beacons).
890790 Other
494 Pleasure & sporting boats
8903 Yachts and other vessels for pleasure or sports; rowing boats and canoes.
890391 Sailboats, with or without auxiliary motor
890392 Motorboats, other than outboard motorboats

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