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Global Trade Alert

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Spain: EUR 500 million trade insurance scheme (COVID-19)

Description

On 4 December 2020, the EU approved one EUR 500 million (approx. USD 606 million) Spanish state aid measure that establishes a reinsurance scheme for trade credit insurers. The aim is to maintain the ...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

04 Dec 2020

Revocation date

31 Dec 2021

Implementation level

National

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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