Informal meeting with EU ministers on the situation of GM reconfirms need for European coordination

Tue, 11/24/2009 - 4:54am
European Commission

The meeting reconfirmed the consensus that EU rules (in particular on state aid and the Single Market) must be fully respected and that no national measures should be taken without prior information and coordination with other involved countries and the Commission. In this context it was agreed that any financial support by one or more Member States should be based strictly on objective and economic criteria, and not include non-commercial conditions concerning the location of investments and/or the geographic distribution of restructuring measures. This is essential to avoid subsidy races between Member States.



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