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Global Trade Alert

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Portugal: EU approves grant and guarantee schemes as response to the COVID-19 pandemic

Description

On 4 April 2020, the EU approved a Portuguese state aid measure composed of 2 financial schemes, the second one being a direct grant scheme for the maximum amount of EUR 1.6 billion (approx. USD 1.7 b...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

04 Apr 2020

Revocation date

30 Jun 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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