Area
European Union
Commodity Group
Milk and dairy products
Commodity
Dairy products
Date
20/07/2020
Policy Category
Production
Policy Instrument
Government support
Description
Approved a EUR 1.8 billion (USD 2.1 billion) support package, combining a new multiannual financial framework 20212027 proposal valued at EUR 1.07 trillion (USD 1.23 trillion) with a specific recovery effort titled the Next Generation EU proposal valued at EUR 750 billion (USD 861 billion). The package aims to rebuild the EU after the COVID-19 pandemic and support investment in green and digital transitions. The proposal includes allocations for the new CAP and Fisheries policy (Pillar I) and for rural development (Pillar II), covering the period from 20212027.
