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Spain: No state aid will be granted to vessels fishing outside EU

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Monday, 07 October 2013

Spain: No state aid will be granted to vessels fishing outside EU

The Spanish Minister of  Agriculture, Food and Environment (Magrama), Miguel Arias Cañete, announced that "from now until the end of the year" it will not be possible to grant state aid to the fleet fishing outside European Union (EU) waters. He recalled that in 2008 the European Commission (EC) published its guidelines on this kind of aid and that the deadline for granting is on the 31st December.
The minister also stated that in the current context, some segments of the fleet that would hypothetically be benefitted are getting "very interesting returns," EFE agency reports. Arias Cañete added that the General Fisheries Secretariat is working on the creation of a "special register" of vessels fishing in non community waters to clarify which companies could be eligible supported if there was a more favorable budget scenario.
The minister referred to the boats that catch tuna and other related resources off EU fishing grounds. These are aids granted through tax exemptions or reductions in labour costs, which Brussels enables so as to try to match the competitiveness of European vessels with those from other nations, such as those from Asia, the Caribbean  and the Pacific.

Source: Fish Info & Services