Independent journal on economy and transport policy
19:11 GMT+2
Australia announces subsidy and R&D program to aid shipbuilders
(Marine Log)
May 11, 1999
Fulfilling an election promise, the Australian government is extending the shipbuilding construction "bounty" at a rate of 3 per cent on eligible costs from 1 July 1999 to 31 December 2000. However, the government has also introduced phase out arrangements for the bounty that parallel European Unio plans to phase out direct subsidies.
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