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Global Trade Alert

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France: Introduction of a EUR 1.5 billion travel insolvency fund

Description

On 6 February 2023, the European Commission approved a EUR 1.5 (USD 1.6) billion French state guarantee scheme to support insurers and tour operators at risk of insolvency in the context of the Covid-...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

06 Feb 2023

Revocation date

31 Dec 2023

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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