ANNOUNCEMENT 22 Jul 2015

In July 2015, the government of France announced a change in private-sector financial support and a targeted tax change.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 22 Jul 2015 | Removal date: 21 Jul 2018
Still in force

State loan

 On 22 July 2015, the French prime minister announced a state aid package for local farmers. The package would cost 350 million EUR annually and would be stretched over a period of 3 years.
It shall include tax exemptions worth 600 million EUR as well as loans to producers for up to 500 million EUR and will be targeted at pork, cattle and dairy producers.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.
 

AFFECTED SECTORS

 
Inception date: 22 Jul 2015 | Removal date: 21 Jul 2018
Still in force

Tax or social insurance relief

 On 22 July 2015, the French prime minister announced a state aid package for local farmers. The package would cost 350 million EUR annually and would be stretched over a period of 3 years.
It shall include tax exemptions worth 600 million EUR as well as loans to producers for up to 500 million EUR and will be targeted at pork, cattle and dairy producers.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.