Global Trade Alert
Global Trade Alert

Germany: Introduction of EUR 20 million financial grant scheme to support fisheries sector in the context of Brexit

Announcement

30 Oct 2023

In October 2023, the European Commission approved a German financial grant scheme to compensate vessel owners for income losses related to the fish quota reductions in the context of the withdrawal of the United Kingdom from the EU.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

31 Oct 2023

Revocation date:

No revocation date

Financial grant

On 30 October 2023, the European Commission approved a financial grant scheme worth EUR 20 million (USD 21.1 million) from Germany. The scheme compensates German vessel owners for income losses relate...

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