Subsidy

Greater clarity needed on the Government's subsidy control policy

Retrieved on: 
Saturday, April 4, 2020
Economy, Trade blocs, World, Organizations, State aid, European Union competition law, European Union, Subsidy, World Trade Organization

The Committee also considered options for a UK-EU compromise on state aid, alongside the opportunities and challenges associated with designing a UK state aid or subsidy control policy.

Key Points: 
  • The Committee also considered options for a UK-EU compromise on state aid, alongside the opportunities and challenges associated with designing a UK state aid or subsidy control policy.
  • Broadly speaking, level playing provisions are commitments not to lower levels of regulation below commonly agreed 'reference points'usually, international standards.
  • Some of the EU's existing trade agreements contain provisions on subsidy control that combine WTO subsidy rules with significant inputs from the EU state aid framework.
  • It remains unclear whether the Competition and Markets Authority (CMA) will play a role in the UK's future subsidy control framework.

Joint Statement: Aluminum Associations Applaud the EU, U.S. and Japan Agreement to Strengthen WTO Rules on Industrial Subsidies

Retrieved on: 
Thursday, January 16, 2020
Economy, Foreign direct investment, International trade law, World Trade Organization, World government, The Aluminum Association, Subsidy, World economy, International relations

ARLINGTON, VA; BRUSSELS, BELGIUM; TOKYO, JAPAN, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Our aluminum associations applaud the agreement between the European Union, Japan and the United States to work toward the strengthening of the existing World Trade Organizations (WTO) rules on industrial subsidies.

Key Points: 
  • ARLINGTON, VA; BRUSSELS, BELGIUM; TOKYO, JAPAN, Jan. 16, 2020 (GLOBE NEWSWIRE) -- Our aluminum associations applaud the agreement between the European Union, Japan and the United States to work toward the strengthening of the existing World Trade Organizations (WTO) rules on industrial subsidies.
  • The Ministers also reconfirmed the need for a deep reform of the WTO, including a reversal of the burden of proof for particularly harmful types of subsidies.
  • The report indicates that global aluminum companies have received up to USD 70 billion in different forms of support over the 2013-2017 period.
  • The OECD evidence underscores the need for urgent action to level the global playing field for the aluminum sector.

About 2.1 Million Electric Vehicles were Sold in 2018 Globally, of which Nearly 1.2 Million were Sold in China Alone, Occupying more than 57% of the Market - ResearchAndMarkets.com

Retrieved on: 
Tuesday, January 14, 2020
Alternative Vehicles, Fuels, Automotive, Electric vehicles, Fiscal policy, Payments, Subsidy, Economy, Electric vehicle conversion, Articles, Transport, Electric vehicles in Hong Kong, Government incentives for plug-in electric vehicles

The cost-driven EV market is heavily dependent on subsidies and incentives offered by various governments on EV purchase and charging.

Key Points: 
  • The cost-driven EV market is heavily dependent on subsidies and incentives offered by various governments on EV purchase and charging.
  • Netherlands and Hong Kong have witnessed a decrease in EV sales post the removal of grants/subsidies on purchase of EVs.
  • Norway has enjoyed a high growth rate of 4.8% with more than 21% of vehicles sold in the country being EVs through their incentives and subsidy programs.
  • Governments around the world are expected to be target higher growth rates due to the stringent emission norms and fuel economy standards.

The global vehicles for disabled market are estimated to grow from USD 2.6 billion in 2019 to reach USD 6.3 billion by 2027, at a CAGR of 11.7%

Retrieved on: 
Tuesday, November 12, 2019
Fiscal policy, Payments, Subsidy

NEW YORK, Nov. 12, 2019 /PRNewswire/ -- The global vehicles for disabled market are estimated to grow from USD 2.6 billion in 2019 to reach USD 6.3 billion by 2027, at a CAGR of 11.7%.

Key Points: 
  • NEW YORK, Nov. 12, 2019 /PRNewswire/ -- The global vehicles for disabled market are estimated to grow from USD 2.6 billion in 2019 to reach USD 6.3 billion by 2027, at a CAGR of 11.7%.
  • However, high cost and lack of medical reimbursement are considered as market restraining factors for the growth of it.
  • Regional governments are also improving infrastructure and providing various schemes & subsidies to disabled people on purchase of mobility scooters.
  • Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

U.S. Manufacturers of Glass Containers File Dumping and Subsidy Petitions Against China, Reports Wiley Rein

Retrieved on: 
Wednesday, September 25, 2019
Packaging, Fiscal policy, Payments, Subsidy, Container, Economy, Microeconomics, Market economics), Container deposit legislation

Chinese imports of glass containers have escalated significantly, costing U.S. manufacturers sales and injuring American workers.

Key Points: 
  • Chinese imports of glass containers have escalated significantly, costing U.S. manufacturers sales and injuring American workers.
  • "Additionally, the Chinese government has used, and continues to use, unprecedented levels of subsidization to push glass containers into the U.S.
  • The petitions assert that Chinese glass container producers have benefitted from over 35 subsidy programs, including grants, loans, tax programs, and subsidized inputs.
  • A successful outcome in this case will not only benefit U.S. manufacturers but it will save numerous American jobs," said Mr. Pickard.

United States Seeds Market Outlook Report 2019-2023 - Increasing Government Support Through Farm Subsidies & Financial Aid - ResearchAndMarkets.com

Retrieved on: 
Wednesday, July 10, 2019
Food, Beverage, Agriculture, Natural Resources, Retail, Agricultural policy, Agriculture, Articles, Agricultural subsidy, Seed, Subsidy, Economy

This is done through various policies and initiatives by offering subsidies and financial aids to the farmers.

Key Points: 
  • This is done through various policies and initiatives by offering subsidies and financial aids to the farmers.
  • The increasing government support will lead to the expansion of the seeds market in the US at a CAGR of almost 9% during the forecast period.
  • The market report looks at factors such as growth in adoption of GM seeds in the US, increase in government support through farm subsidies and financial aid, and rise in urban farming activities.
  • The analysis also considers the sales from the crop type including grain seeds and oilseeds, fruits and vegetable seeds, and other seeds.

Polyganics Builds New Facility to Continue Growth, Supported by RIG Subsidy of €3.8 Million

Retrieved on: 
Wednesday, April 10, 2019
Health, Biotechnology, Clinical trials, Pharmaceutical, Research, Science, Fiscal policy, Payments, Subsidy

Polyganics has been awarded a subsidy of 3.8 million by the Regional Investment Aid Groningen (RIG) initiative to support this development.

Key Points: 
  • Polyganics has been awarded a subsidy of 3.8 million by the Regional Investment Aid Groningen (RIG) initiative to support this development.
  • Polyganics will build a dedicated new site, which will house its headquarters, state-of-the-art research laboratories and expanded manufacturing and packaging facilities.
  • To support the development of this new site, Polyganics has been awarded a 3.8 million RIG subsidy.
  • Polyganics is preparing to start building by the end of 2019, with the aim to move into its new facility in 2021.

CRU: China EV Subsidies Face Major Decline in 2019

Retrieved on: 
Thursday, April 4, 2019
Electric vehicle, Sustainable transport, Subsidy, Economy, Electric vehicle conversion, Electric vehicles, Goods economics), Transport

LONDON, April 4, 2019 /PRNewswire/ -- China introduced its new subsidy policy for electric vehicle sales in 2019 last week.

Key Points: 
  • LONDON, April 4, 2019 /PRNewswire/ -- China introduced its new subsidy policy for electric vehicle sales in 2019 last week.
  • While many in the market were expecting a drop year-on-year of around 40%, the announced scheme is lower than expected, with EV subsidies declining by 50-55% in 2019 on average.
  • We assess how the subsidies would work in practice and consider how battery metals will be affected.
  • This year's Chinese subsidies are more aggressive against low-quality, low-range vehicles which make up the bulk of Chinese EV sales at present.

CRU: China EV Subsidies Face Major Decline in 2019

Retrieved on: 
Thursday, April 4, 2019
Electric vehicle, Sustainable transport, Subsidy, Economy, Electric vehicle conversion, Electric vehicles, Goods economics), Transport

LONDON, April 4, 2019 /PRNewswire/ -- China introduced its new subsidy policy for electric vehicle sales in 2019 last week.

Key Points: 
  • LONDON, April 4, 2019 /PRNewswire/ -- China introduced its new subsidy policy for electric vehicle sales in 2019 last week.
  • While many in the market were expecting a drop year-on-year of around 40%, the announced scheme is lower than expected, with EV subsidies declining by 50-55% in 2019 on average.
  • We assess how the subsidies would work in practice and consider how battery metals will be affected.
  • This year's Chinese subsidies are more aggressive against low-quality, low-range vehicles which make up the bulk of Chinese EV sales at present.

Locked-Out Workers Ask Quebec Premier: What Are You Doing, Mr. Legault?

Retrieved on: 
Friday, March 1, 2019
Trade unions, Alcoa, United Steelworkers, Lockout, Subsidy

Hydro-Qubec has confirmed that the ABI lockout has resulted in a revenue loss of $165 million for the utility in 2018 alone.

Key Points: 
  • Hydro-Qubec has confirmed that the ABI lockout has resulted in a revenue loss of $165 million for the utility in 2018 alone.
  • "Imagine if the government gave a $165-million subsidy to union members to go on strike for more than a year.
  • "Alcoa wants to impose its will on Quebec workers and communities," Masse said.
  • The United Steelworkers/Syndicat des Mtallos is the largest private-sector union in Quebec, representing more than 60,000 workers from all economic sectors.