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PR(03)26: EFTA Surveillance Authority does not raise objections to a new temporary grant scheme for the shipbuilding industry

8.10.2003

The EFTA Surveillance Authority decided today not to raise objections to a notification from Norway concerning a new temporary grant scheme for the shipbuilding industry.

The purpose of the new scheme is to offset the adverse effects caused by unfair competitive practices of the Republic of Korea. Contracts for the building of container ships, product and chemical tankers and LNG carriers are, according to the rules of the scheme, eligible for direct aid of 6% of contract value before aid. The available budget is NOK 300 m (some EUR 37 m). The duration of the scheme is from 15 March 2003 until 31 March 2004, and the estimated number of recipients is between 5 and 10.

The scheme is based on Council Regulation (EC) No 1177/2002 of 27 June 2002 concerning a temporary defensive mechanism to shipbuilding[1], as incorporated into Annex XV to the EEA Agreement by Decision No 170/2002 of the EEA Joint Committee dated 6 December 2002[2]

The Authority finds that the provisions of the new scheme are in accordance with Council Regulation (EC) No 1177/2002 and concludes that the aid is compatible with the EEA Agreement.

For further information, please contact Mr. Amund Utne on tel. (+32)(0)2 286 18 50, or Mr. Rolf Egil Tønnessen on tel. (+32)(0)2 286 18 56.

[1]Published in OJ L 172, 02.07.2002, p.1.
[2]Published in OJ L 38, 13.02.2003, p.34, and the EEA Supplement No 9, 13.02.2003, p. 23.

8 October 2003




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