WORLD TRADE
ORGANIZATIONG/SCM/N/71/EEC/Add.9
18 December 2001
(01-6190)
Committee on Subsidies and Countervailing Measures Original:  English
SUBSIDIES
New and Full Notification Pursuant to Article XVI:1 of the GATT 1994
and Article 25 of the Agreement on Subsidies and
Countervailing Measures
EUROPEAN COMMUNITIES
Addendum
The following addendum to the notification of the European Community relates to subsidy
programmes of Italy .
_______________G/SCM/N/71/EEC/Add.9
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ITALY
TABLE OF CONTENTS
I. PRODUCTION AIDS TO SHIP YARDS................................................................................3
II. HOME CREDIT SCHEME  TO SHIPOWNERS ..................................................................3
III. SOFT LOANS TO COMPANIES TO FAVOUR A LONG-LASTING
PENETRATION IN NO N-EU COUNT RIES ........................................................................4
IV. SOFT LOANS FOR ITALIAN ENTERPRISES TO COVER EXPENSES
CONCERNING THE PARTICIPATION IN INTERNATIONAL TENDERS
HELD IN NON-EU  COUNTRIES ..........................................................................................5
V. AID SCHEME FOR THE PROMOTION OF YOUTH ENTERPRISE IN
ITALY.......................................................................................................................... ..............6
VI. INCREASE OF “ARTIGIANCASSA” FUND FOR INTEREST
CONTRIBUTIONS TO  HANDICRAF T................................................................................7
VII. SPECIAL FUND FOR APPL IED RESEARCH (FRA) ........................................................7
VIII. INTEREST RATE SUBSIDIES FO R THE INDUSTRIA L SECTOR ................................8
IX. CREDIT SCHEME TO COOPERATIVES AND URGENT MEASURES FOR
EMPLOYMENT PROTECTION ...........................................................................................9
X. EXTRAORDINARY INTERVENTION IN  THE SOUTH OF  ITALY ............................10
XI. TECHNOLOGICAL INNO VATION FUND (FIT).............................................................10
XII. INCENTIVES TO MANUFACTURING AND EXTRACTIVE ENTERPRISES
IN DISADVANTAGED  REGIONS ......................................................................................11
XIII. SUPPORT TO INNOVATION AND DEVELOPMENT IN  SME’S .................................12
XIV. SUPPORT TO THE REDUCTION OF ENERGY CO NSUMPTION ..............................13
XV. CONTRIBUTIONS TO ENTERPRISES FOR SUBSTITUTIVE ACTIVITIES
IN MINING DISTRICTS INVOLVED IN RESTRUCT URING PROCESSES...............14
XVI. FEMALE ENTR EPRENE URS .............................................................................................14
XVII. CONTRIBUTION TO THE REALIZATION OF NATIONAL ENERGY PLAN
AIMED AT RATIONALIZING THE USE OF ENERGY AND RENEWABLE
ENERGY SO URCES ..............................................................................................................15
XVIII. URGENT MEASURES FOR THE ECONOMY – AUTOMATIC INCENTIVES ..........16
XIX. FISCAL MEASURES IN FAVOUR OF INNOVATION OF INDUSTRIAL
ENTERPR ISES.................................................................................................................... ...17G/SCM/N/71/EEC/Add.9
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I. PRODUCTION AIDS TO SHIPYARDS
(a) Name of the subsidy and legal basis
Production aids to shipyards
Law No. 132/94 (implementing the sixth and the seventh directive on aids to shipbuilding)
(b) Form of the subsidy
Grant
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
333 billion lira.
(d) Policy objective and/or purpose of the subsidy
To bridge the gap between the most competitive EU shipyard and the market prices.
(e) Duration of the subsidy
According to EU rules (Production aids are allowed until 31 December 2000).
(f) Statistical data permitting an assessment of the trade effects of the subsidy
As regards the commercial effects, the Italian shipyards were allowed by EU rules to maintain
their own position on the market on an equal basis as far as competitive conditions are
concerned.
(g) Indicate to whom and how the subsidy is paid
(A) To shipyard.
(B) By grant, paid to the shipyard during the construction of the ship up to 75 per cent of
the subsidy and remaining 25 per cent after the delivery of the ship.
II. HOME CREDIT SCHEME TO SHIPOWNERS
(a) Name of the subsidy and legal basis
Home credit scheme to shipowners
Law No. 132/94 (implementing the sixth and the seventh directive on aids to shipbuilding)
(b) Form of the subsidy
Interest Subsidy (equivalent to loans at OECD terms – according to the understanding on
export credits for ship – OECD Council Resolution dated 3 August 1981)G/SCM/N/71/EEC/Add.9
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(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
22 billion lira.
(d) Policy objective and/or purpose of the subsidy
To bridge the difference between the Italian financing terms and standard OECD financing
terms. The shipowner’s subsidies are granted in 17 half yearly instalments.
(e) Duration of the subsidy
According to OECD rules (8.5 years).
(f) Statistical data permitting an assessment of the trade effects of the subsidy
As regards the commercial effects, the Italian shipowners were allowed to work on an equal
basis on the market as far as financing conditions are concerned.
(g) Indicate to whom and how the subsidy is paid
(A) To shipowners.
(B) The subsidies are granted in 17 half yearly instalments according to the understanding
OECD Council Resolution on export credits for ships.
III. SOFT LOANS TO COMPANIES TO FAVOUR A LONG-LASTING PENETRATION
IN NON-EU COUNTRIES
(a) Name of the subsidy and legal basis
Soft loans to companies to favour a long-lasting penetration in non-EU countries
Law No. 394/81, art. 2
(b) Form of the subsidy
Soft Loan
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
15.9 billion lira
(d) Policy objective and/or purpose of the subsidy
The programme is meant to facilitate the in ternationalization of Italian companies (mostly
small and medium sized), by helping them to create stable commercial  operations abroad
(such as offices, stores, show-rooms etc.).G/SCM/N/71/EEC/Add.9
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(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Not relevant: the measure is not specific and it is notified for the sake of transparency.
(g) Indicate to whom and how the subsidy is paid
Beneficiaries are in the following sectors:Industry 81.7%
Trade 11.9%
Services 6.4%.
The maximum level of funding is fixed at 85 per cent of the total planned expenses.
IV. SOFT LOANS FOR ITALIAN ENTERPRISES TO COVER EXPENSES
CONCERNING THE PARTICIPATION IN INTERNATIONAL TENDERS HELD INNON-EU COUNTRIES
(a) Name of the subsidy and legal basis
Soft loans for Italian enterprises to cover expenses concerning the participation in
international tenders held in non-EU countries
Law No. 304/90, art. 3
(b) Form of the subsidy
Soft Loan
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
0.7 billion lira.
(d) Policy objective and/or purpose of the subsidy
The soft loan is referred to expenses born  by Italian companies who intend to submit pre-
qualification applications for international tenders in non-EU countries.
(e) Duration of the subsidy
A final term is not established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Due to its nature, the scheme only has an insignificant impact on trade.G/SCM/N/71/EEC/Add.9
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(g) Indicate to whom and how the subsidy is paid
Beneficiary companies belong mainly to civil and industrial construction, infrastructures,
plans etc.
The soft loan is paid by Simest S.p.A. on the basis of the documents demonstrating the costs
born by the recipient. The maximum amount which can be granted is 2 billion lira and is
related to the procurement value.
V. AID SCHEME FOR THE PROMOTION OF YOUTH ENTERPRISE IN ITALY
(a) Name of the subsidy and legal basis
Aid scheme for the promotion of youth enterprise in Italy
Law 95/95 (ex Law 44 /86) and 236/93
(b) Form of the subsidy
Grant
Interest Subsidy
Other (Management Contribution).
Moreover both Laws provide for tutorship for financed enterprises.
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
Law 95/95 (in Million) Law 236/93 (in Million)
Grant 8.654 7.975
Interest Subsidy 92.385 5.586
Management Contribution                        41.004                                             2.027
Total 222.043 15.588
(d) Policy objective and/or purpose of the subsidy
To encourage young people in the disadvantaged regions of the country, defined according to
UE Objectives 1, 2 and 5b, to undertake industrial activities.
(e) Duration of the subsidy
Law 95/95 (ex Law 44/86): 2 years;
Law 236/93: 3 years.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Due to its nature, the schemes only have an insignificant impact on trade.
(g) Indicate to whom and how the subsidy is paid
Both laws (95/95 and 236/93) aim to encourage and support new entrepreneurial initiatives
among young people (between 18 and 35), residents, in the disadvantaged areas identified
according to EU parameters.G/SCM/N/71/EEC/Add.9
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Note: Law 95/95 supports  production in agriculture, craft industry and services to
enterprises.
Law 236/93 supports services in the following fields:  the Arts, tourism, maintenance of
civil and industrial works, environmental protection, technological innovations. The
distribution of finance consists in the management of different types of “easy terms” /
facilitation (soft loan, advances and special contributions towards management costs). Setting
out for each one distinct types of spot-checks and consequently different procedures.
VI. INCREASE OF “ARTIGIANCASSA” FUND FOR INTEREST CONTRIBUTIONS TO
HANDICRAFT
(a) Name of the subsidy and legal basis
Increase of “Artigiancassa” fund for interest contributions to handicraft sector
Law 526/82
(b) Form of the subsidy
Interest Subsidy
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
439 billion lira
(d) Policy objective and/or purpose of the subsidy
Making credit more accessible to handicraft undertakings.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Due to its nature the scheme only has an insignificant impact on trade.
(g) Indicate to whom and how the subsidy is paid
Beneficiaries are handicraft enterprises which receive funds through the financing bank.Interest subsidy is paid every six months.
VII. SPECIAL FUND FOR APPLIED RESEARCH (FRA)
(a) Name of the subsidy and legal basis
Special Fund for Applied Research (FRA), Ministry decrees of 08.08.97 – Law No. 46/82:
Interventi a sostegno della ricerca nelle aree – Law No. 488/92G/SCM/N/71/EEC/Add.9
Page 8
(b) Form of the subsidy
Grant
Soft Loan
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
Grant 500 billion lira
Soft loan 317,5 billion lira
______________
Total 817, 5 billion lira
(d) Policy objective and/or purpose of the subsidy
To encourage incentives to pluriannual programmes aimed to introduce technological
innovations.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Not relevant: the measure is not specific and it is notified for the sake of transparency.
(g) Indicate to whom and how the subsidy is paid
(A) Industrial firms, consortia, research companies, public or private laboratories.(B) Activities of industrial research can benefit a contribution up to 50 per cent in ESL of
the cost of the project. For pre-competitive activities maximum amount is 25 per centin ESL.
VIII.  INTEREST RATE SUBSIDIES FOR THE INDUSTRIAL SECTOR
(a) Name of the subsidy and legal basis
Interest Rate Subsidies for the Industrial Sector
Law No. 902/76
(b) Form of the subsidy
Interest Subsidy
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
9.88 billion liraG/SCM/N/71/EEC/Add.9
Page 9
(d) Policy objective and/or purpose of the subsidy
SMEs’ development.
(e) Duration of the subsidy
The scheme is no longer in force since the law was abrogated. The above figure refers to the
amount the Administration is still distributing on the basis of previous decisions.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Not relevant: the measure is not specific and it is notified for the sake of transparency.
(g) Indicate to whom and how the subsidy is paid
(A) SME’s in industrial sector  operating in the centre and in the north of Italy.
(B) Contributions Post 10 years; interest rate is equivalent to 40 per cent – 60 per cent of
the rate of reference. Contribution is arrogated every 6 months.
IX. CREDIT SCHEME TO COOPERATIVES AND URGENT MEASURES FOR
EMPLOYMENT PROTECTION
(a) Name of the subsidy and legal basis
Credit scheme to cooperatives and urgent measures for employment protection
Law No. 49/85
(b) Form of the subsidy
Grant
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
2.7 billion lira
(d) Policy objective and/or purpose of the subsidy
The scheme is intended to provide grants and soft loan to cooperatives in order to tackle
unemployment. In particular, it encourages new enterprises created by workers who have
been fired, who are in a mobility list or have been suspended from work in an over-manned
factory.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Not relevant: the measure is not specific and it is notified for the sake of transparency.G/SCM/N/71/EEC/Add.9
Page 10
(g) Indicate to whom and how the subsidy is paid
(A) Beneficiaries are cooperatives with a maximum invested capital of 0.5 billion lira for
restructuring or reconversion activities.
(B) Contributions (which last maximum for 12 y ears) are arrogated in a single tranche or
in different period.
Note: according to law 112/98 , the competence of this programme is now due to the Regions.
X. EXTRAORDINARY INTERVENTION IN THE SOUTH OF ITALY
(a) Name of the subsidy and legal basis
Extraordinary intervention in the south of Italy
Art. 1, section 2, Law No. 488/92 (r e-financing of Law No. 64/86)
(b) Form of the subsidy
Grant
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
1,525.00 billion lira.
(d) Policy objective and/or purpose of the subsidy
Providing aid to entrepreneurial activities in the disadvantaged areas.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Not relevant: the measure is not specific and it is notified for the sake of transparency.
(g) Indicate to whom and how the subsidy is paid
(A) Beneficiaries are extractive and manufacturing enterprises and related service
companies.
(B) Contributions are paid under the EU amount limits in favour of the disadvantaged
areas and they are arrogated every 4 months.
XI. TECHNOLOGICAL INNOVATION FUND (FIT)
(a) Name of the subsidy and legal basis
Technological Innovation Fund (FIT)G/SCM/N/71/EEC/Add.9
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Law No. 46/82, art. 14 and followings
(b) Form of the subsidy
Grant
Soft Loan
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
Distributed:  426.26 billion lira.
(d) Policy objective and/or purpose of the subsidy
Promoting pluriennal programmes aimed at  introducing technological innovations.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Due to its nature the scheme has an insignificant impact on trade.
(g) Indicate to whom and how the subsidy is paid
(A) Beneficiaries are industrial and service enterprises. Big firms are eligible only if they
act in the main sectors mentioned in the legal framework.
(B) The soft loan rate changes from 25 per cent to 60 per cent of the reference rate,
according to the dimensions and the geographical location of the enterprise; it is
accorded for 15 years maximum (of which 5 years are pre-amortization) and it is
equal to 35 per cent – 55 per cent of the admissible costs.
XII. INCENTIVES TO MANUFACTURING AND EXTRACTIVE ENTERPRISES IN
DISADVANTAGED REGIONS
(a) Name of the subsidy and legal basis
Incentives to manufacturing and extractive enterprises in disadvantaged regions 
Law No. 341/95, art. 1
(b) Form of the subsidy
Tax concession
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
242.50 billion lira.G/SCM/N/71/EEC/Add.9
Page 12
(d) Policy objective and/or purpose of the subsidy
Providing incentives to industrial enterprises operating in disadvantaged regions.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Due to its nature the scheme only has an insignificant impact on trade.
(g) Indicate to whom and how the subsidy is paid
(A) Industrial companies operating in areas ob. 1, 2 and 5b.(B) Companies are allowed to benefit of a fiscal “bonus” in tax payment in the next five
years.
XIII.  SUPPORT TO INNOVATION AND DEVELOPMENT IN SME’S
(a) Name of the subsidy and legal basis
Support to Innovation and Development in SME’s
Law No. 317/91
(b) Form of the subsidy
Grant/Tax concession
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
Global Amount 13.03 billion liraNote: These figures refer to the global amount of subsidies distributed during 2000, by the
Ministry of Industry, Trade and Handicraft to the Small and Medium Enterprises (S.M.E.) and
Services Consortia.
(d) Policy objective and/or purpose of the subsidy
Development of SMEs’, SMEs’ consortia, SMEs’ services consortia.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
This programme should be considered non specific. It is notified all the same for the sake of
transparency.G/SCM/N/71/EEC/Add.9
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(g) Indicate to whom and how the subsidy is paid
(A) Beneficiaries are SME’s in industrial and services sector; SME’s consortia.(B) On request of the beneficiaries through contribution in grants or tax concessions.Note: according to the law 112/98 , the competence of this programme is due to  the Regions
XIV. SUPPORT TO THE REDUCTION OF ENERGY CONSUMPTION
(a) Name of the subsidy and legal basis
Support to the reduction of energy consumption
Law No. 308/82
(b) Form of the subsidy
Grant
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
12.05 billion lira.
Note: Although the law 308/82 has been replaced by the law 10/91, the reported amounts are
referred to the obligations engaged before the entering into force of law 10/91.
(d) Policy objective and/or purpose of the subsidy
Energy efficiency, research and technological innovation.
(e) Duration of the subsidy
In 1992 possibility to submit requests under this scheme is ceased.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Due to its nature the scheme has an insignificant impact on  trade.
(g) Indicate to whom and how the subsidy is paid
(A) Beneficiaries are public and private companies, and related consortia, operating in
industrial and service sectors.
(B) The amount of the grant is related to the level of the investment and to the expenses
of the saved energy or produced with renewable sources.
The payment is made in one solution or in tranches.G/SCM/N/71/EEC/Add.9
Page 14
XV. CONTRIBUTIONS TO ENTERPRISES FOR SUBSTITUTIVE ACTIVITIES IN
MINING DISTRICTS INVOLVED IN RESTRUCTURING PROCESSES
(a) Name of the subsidy and legal basis
Contributions to enterprises for substitutive activities in mining districts involved in
restructuring processes
Law No. 221/90 (re-financing of Law No. 41/89 which have been replaced)
(b) Form of the subsidy
Grant
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
Distributed: 24.94 billion lira.
(d) Policy objective and/or purpose of the subsidy
Facilitating the restructuring of mining districts to help closing mines in which activity has
become uneconomic.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Due to its nature the scheme only has an insignificant impact on trade.
(g) Indicate to whom and how the subsidy is paid
(A) Beneficiaries are enterprises whose activities are located in mining districts in crisis.
(B) The subsidy is paid up to 25 per cent (up to 50 per cent in the Mezzogiorno areas) of
the eligible costs. Payment is made in three tranches:
30 per cent at the start of the works;
50 per cent at the end of the investment;20 per cent after the final inspection.
Note: according to law 112/98 , the competence of this programme is now due to the Regions.
XVI. FEMALE ENTREPRENEURS
(a) Name of the subsidy and legal basis
Female Entrepreneurs
Law No. 215/92G/SCM/N/71/EEC/Add.9
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(b) Form of the subsidy
Grant
Interest Subsidy
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
Grant: 73.22 billion lira.
I. S. :     0.11      “       “
(d) Policy objective and/or purpose of the subsidy
(a) Promotion of new female activities in different fields (industry, agriculture, trade,
services and handicraft);
(b) Promotion and development of new qualified female entrepreneurs.
(e) Duration of the subsidy:
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Not relevant: the measure is not specific and it is notified for the sake of transparency.
(g) Indicate to whom and how the subsidy is paid
(A) Beneficiaries are SME’s owned by females operating in different sectors: industry,
agriculture, trade, handicraft and services: in case of a capital society, majority has to
be owned by females; in case of personal society, 60 per cent of partners has to be
females.
(B) Ministry of Industry concedes contribution in a variable measure (from 15 per cent up
to 65 per cent in ESL) depending on geographical ubication of the enterprises.
Contribution is arrogated in two tranches: the first, equivalent to the 40 per cent of the
contribution, during the realisation of the project; the second when the project is completed.
XVII.  CONTRIBUTION TO THE REALIZATION OF NATIONAL ENERGY PLAN
AIMED AT RATIONALIZING THE USE OF ENERGY AND RENEWABLE
ENERGY SOURCES
(a) Name of the subsidy and legal basis
Contribution to the realization of National Energy Plan aimed at rationalizing the use of
energy and renewable energy sources
Law No. 10/91G/SCM/N/71/EEC/Add.9
Page 16
(b) Form of the subsidy
Grant
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
19.45 billion lira.
(d) Policy objective and/or purpose of the subsidy
Energy efficiency, research and developmen t, technological innovation, environment
protection.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Not relevant: the measure is not specific and it is notified for the sake of transparency.
(g) Indicate to whom and how the subsidy is paid
(A) Beneficiaries are public and private companies, and related consortia, operating in
industrial and service sectors.
(B) The amount of the grant is related to the level of the investment and to the expenses
of the saved energy or produced with renewable sources.
The payment is made in one solution  or in tranches.Note: according to law 112/98 , the competence of this programme is now due to the Regions
XVIII.  URGENT MEASURES FOR THE ECONOMY – AUTOMATIC INCENTIVES
(a) Name of the subsidy and legal basis
Urgent measures for the economy – Automatic incentives
Law 266/97, art. 8,2
(b) Form of the subsidy
Tax concession
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
116.00 billion lira.G/SCM/N/71/EEC/Add.9
Page 17
(d) Policy objective and/or purpose of the subsidy
Promotion of investments of enterprises in machinery.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Due to its nature the scheme only has an insignificant impact on trade.
(g) Indicate to whom and how the subsidy is paid
(A) Beneficiaries are enterprises operating all over the national territory.
(B) The subsidy consists in the concession of a fiscal bonus in tax payment.Note: according to law 112/98 , the competence of this programme is now due to the Regions
XIX. FISCAL MEASURES IN FAVOUR OF INNOVATION OF INDUSTRIAL
ENTERPRISES
(a) Name of the subsidy and legal basis
Fiscal measures in favour of innovation of industrial enterprises 
Law 140/97, art. 13
(b) Form of the subsidy
Tax concession
(c) Subsidy per Unit or, in case this is not possible, the global amount of subsidies distributed
during 2000
During the year 2000, no subsidy has been paid.
(d) Policy objective and/or purpose of the subsidy
Promotion of investments of enterprises in R. & D.
(e) Duration of the subsidy
No final term is established.
(f) Statistical data permitting an assessment of the trade effects of the subsidy
Due to its nature the scheme only has an insignificant impact on trade.G/SCM/N/71/EEC/Add.9
Page 18
(g) Indicate to whom and how the subsidy is paid
(A) Beneficiaries are enterprises operating all over the national territory.
(B) The subsidy consists in the concession of a fiscal bonus in tax payment.
Note: according to law 112/98 , the competence of this programme is now due to the
Regions.
__________