The European Commission adopts new code on aid to the synthetic fibres industry

"The Commission adopts new code on aid to the synthetic fibres industry"* In 1977, in recognition of the low average rate of capacity utilisation for the production of synthetic fibres and yarns, the consequent job losses and the risk that further aid would exacerbate the situation and distort competition, the Commission adopted a Code on aid to the synthetic fibres industry imposing supplementary control on aid to producers of certain fibres and yarns. The validity of the current Code expired on 31.3.1996 and therefore in 1995 the Commission commissioned an independent firm of specialist consultants to undertake a first study on the efficacity of the Code and the arguments for an against continuing to control such aid and a second study on the future

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  • DG COMP (Brussels)

Quotation

Henrik Morch, The European Commission adopts new code on aid to the synthetic fibres industry, 30 March 1996, e-Competitions Bulletin March 1996, Art. N° 39572

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