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State Aid

State Aid. Ministry of Fisheries and Agriculture. No structural actions comparable to the European Fisheries Fund Almost no subsidies in the Icelandic fishing industry This is an issue that requires specific attention in the accession negotiations. Ministry of Fisheries and Agriculture.

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State Aid

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  1. State Aid

  2. Ministry of Fisheries and Agriculture • No structural actions comparable to the European Fisheries Fund • Almost no subsidies in the Icelandic fishing industry • This is an issue that requires specific attention in the accession negotiations

  3. Ministry of Fisheries and Agriculture • State Aid • Council Regulation 875/2008 (De-minimis) •   No comparable provision in Icelandic fisheries legislation • Council Regulation 736/2008 on the application of Articles 87 and 88 of the Treaty to State aid to small and medium-sizedenterprises active in the production, processing and marketing of fisheries products • No comparable provision in Icelandic fisheries legislation • In the Icelandic Income Tax Law 90/2003, there is a provision on a special tax reduction for seamen, including fishermen, that might fall under 736/2008

  4. Ministry of Fisheries and Agriculture Insurance and aid schemes The fisheries sector does not get special insurance compensation in case of natural disasters. General compulsory catastrophe insurance applies The fisheries sector does not get special treatment with respect to the cost of insurance premiums There are no aid schemes to support fisheries companies in difficulties or in a restructuring phase There are no aid schemes for the promotion or publicity of fisheries and aquaculture products 4

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