Global Trade Alert
Global Trade Alert

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

Announcement

04 Dec 2020

In December 2020, the European Commission approved a Spanish state aid measure in the form of a trade insurance mechanism to continue supporting businesses in the context of the COVID-19 pandemic.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

04 Dec 2020

Revocation date:

No revocation date

Loan guarantee

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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