IMPLEMENTATION LEVEL

IFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 21 Dec 2018 | Removal date: open ended
Still in force

State loan

The loan agreement between the European Investment Bank (EIB) and the French dairy cooperative SODIAAL was signed on 21 December 2018. The loan has a total value of EUR 40 million (approx. USD 45.6 million). The loan is issued under the Agriculture and Bioeconomy Programme Loan, see related state act.

The loan will support the dairy cooperative's research and development project concerning its dairy products, ingredients thereof and industrial processes. SODIAAL is a dairy cooperative consisting of 12,500 producers with dairy brands having a worldwide presence.

According to the EIB: "The project will accelerate and further mobilise research, development and innovation (RDI) investments, thus furthering the sustainability of the promoter (ed. SODIAAL), active in agriculture and bioeconomy."

A state act 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 granted here is discriminatory.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

222 Other dairy products
0405 Butter and other fats and oils derived from milk; dairy spreads.
040510 Butter
040520 Dairy spreads
040590 Other
0406 Cheese and curd.
040610 Fresh (unripened or uncured) cheese, including whey cheese, and curd
040620 Grated or powdered cheese, of all kinds
040630 Processed cheese, not grated or powdered
040640 Blueveined cheese and other cheese containing veins produced by Penicillium roqueforti
040690 Other cheese

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