AreaEuropean Union
Commodity GroupMilk and dairy products
CommodityDairy products
Date20/07/2020
Policy CategoryProduction
Policy InstrumentGovernment support
DescriptionApproved 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.
