The EU Council adopts the Commission’s proposal to extend by one year the temporary defensive mechanism to shipbuilding

"Temporary defensive mechanism to shipbuilding extended by one year"* The temporary defensive mechanism (‘TDM’) introduced by Council Regulation (CE) No 1177/2002 of 27 June 2002 [1] has already been described in the spring issue of the Competition Policy Newsletter [2]. Since then, the TDM, due to expire by the end of March this year, has been prolonged until 31 March 2005. The TDM allows direct aid up to 6 % of contract value before aid for four types of ships: container ships, product

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Andrea Cierna, The EU Council adopts the Commission’s proposal to extend by one year the temporary defensive mechanism to shipbuilding, 11 March 2004, e-Competitions March 2004, Art. N° 36883

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