ANNOUNCEMENT 05 Mar 2015In March 2015, the European Commission announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
EC regulation 360/2015
EC regulation 725/2015
On 5 March 2015, the European Commission issued regulation 360/2015 providing storage aid for pig meat producers. The aid was argued to be necessary due to the low prices of pig meat on international markets.
The amount of aid varies between 210 and 305 EUR/tonne dependent on the category and the storage period of the pig meat (see annex to the regulation), with a minimum amount of 10 tonnes for boned meat and 15 tonnes for other categories.
The regulation came into force on 9 March 2015.
Update on 6 May 2015:
On 6 May 2015, the European Commission announced in regulation 725/2015 that "the private storage aid (...) had a favourable effect on the pigmeat market (...) 'and' the granting of storage aid for pigmeat should therefore be ended". The last applications shall be submitted by 8 May 2015. Hence, this measure is no longer listed as implemented.
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.