Government offers help to farmers, fishermen as oil prices rise

20th October 2004, Comments 0 comments

20 October 2004, MADRID – The Spanish government is to provide financial aid for farmers and the fishing industry while the price of crude oil continues to rise, agriculture minister Elena Espinosa said Wednesday.

20 October 2004

MADRID – The Spanish government is to provide financial aid for farmers and the fishing industry while the price of crude oil continues to rise, agriculture minister Elena Espinosa said Wednesday.

Espinosa would not reveal how much government money or which measures would be brought in to help these sectors.

But the government is expected to cut taxes paid by both sectors while the price of petrol continues to rise.

Espinosa said the planned aid for each sector would be different for farmers and the fishing industry and would comply with European Union accords.

She said: "These measures will respect EU accords and are not state help like those handed out during a previous crisis in 2000 and which caused problems with the EU.

She added: "The government is sensitive to the difficult situation facing farmers and fishermen."

Government sources said both sectors will benefit from lower taxes and lowering interest payments on loans.

The Spanish cabinet is expected to pass the measure when it sits Friday. 

[Copyright EFE with Expatica]

Subject: Spanish news

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