SUBSIDIES
NOTIFICATION PURSUANT TO ARTICLE XVI:1 OF THE
GATT 1994
AND ARTICLE 25 OF THE AGREEMENT ON SUBSIDIES
AND COUNTERVAILING MEASURES
Macao, China
The following communication, dated 17 March
2025 and received on 24 March 2025, is being circulated at the request of the
delegation of Macao, China.
_______________
1._
Title of the programme
Funding Scheme
for Fisheries Development and Support Fund.
2._
Period covered by the
notification
Year of 2024.
3._
Policy objective and/or purpose
To provide
interest-free loans to fishermen for the following purposes:
·_
To carry out ship maintenance
and repair;
·_
To repair or replace facilities
and equipment;
·_
To purchase more effective
fishing gear and equipment;
·_
To install navigation equipment
and freezers or refrigerated chambers;
·_
To purchase or construct
fishing vessels;
·_
To purchase fuel, participate
in professional training which helps enhance fishing productivity and initiate
activities approved by the Marine and Water Bureau which are beneficial to the
fishing industry;
·_
To overcome difficulties
encountered by the fishermen due to natural disasters or epidemics in the
fishery activities.
4._
Background and authority
The fund is
managed by an Administrative Council with technical and administrative support provided
by the Marine and Water Bureau.
5._
Form
Interest-free
Loan.
6._
To whom and how the assistance
is provided
Applicants
must be a resident of Macao, China and (i) fishermen working on a Macao
registered fishing vessel; or (ii) owners of a Macao registered fishing vessel
and engaged in fishing activity.
7._
Amount
A loan amount
of MOP1,397,000.00 has been approved in the year of 2024.
8._
Duration
This is an
on-going scheme.
9._
Statistical data permitting an
assessment of the trade effects
No data
available.
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