Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-268-500"
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"en.20111201.35.4-268-500"2
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"Council Decision 2002/546/EC of 20 June 2002, adopted on the basis of Article 299 paragraph 2 of the EC Treaty, authorises Spain, up to 31 December 2011, to apply exemptions from or reductions in the tax known as AIEM to a list of products produced locally in the Canary Islands. The measures listed in the decision are designed to strengthen local industry by making it more competitive. The decline in tourist numbers resulting from the global economic crisis of 2009 had severe consequences for the economy of the Canary Islands, which is highly dependent on tourism revenues. Unemployment rose from a rate oscillating between 10.4% and 12%, for the 2001-2007 period, to 26.2% in 2009. On 16 November 2010, Spain submitted a request to the European Commission to extend the period of application of Decision 2002/546/EC for two years, so that its expiry date coincides with the one of the ‘Guidelines on National Regional Aid for 2007-2013’. The Commission has assessed it in light of the scale of the handicaps affecting the Canary Islands. It has come to the conclusion that, on the basis of the available information, the request is justified. I share the same opinion regarding the application of a decision allowing the extension of the period of application until 31 December 2013."@en1
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