G/SCM/N/25/EEC
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PORTUGAL
TABLE OFCONTENTS
Page
RETEX Operational Programme ......................................359
Regional Incentive System (SIR) ......................................359
International Development Support
Programme forTrade andServices (PAIEP 2)..............................360
Trade Modernization Support Programme (PROCOM) .........................360
System ofFinancial Incentives forInvestment
inTourism (SIFIT III).............................................361G/SCM/N/25/EEC
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RETEX OPERATIONAL PROGRAMME
1. Purpose
Community initiative programme onregional aidwith theaimoffacilitating themodernization
oftheindustrial fabric inregions strongly dependent onthetextiles andclothing sector.
2. Theduration ofthesubsidy is1993-1997 .
3. Year 1996
Government expenditure programmed:
(millions ofPTE)
Risk capital fund 3,858,257
Repayable joint participation 501,108
Non-repayable subsidy 7,236,614
Amounts approved anddisbursed*
(millions ofPTE)
Approved Disbursed
Risk capital fund 4,064,960 996,960
Repayable joint participation 20,469 0.0
Non-repayable subsidy 10,286,272 4,350,303
*Repayable financing atzerointerest rateforanamount notexceeding 40percentofthetotal financing
necessary with amaximum ceiling ofPTE 150million. Theduration isthree tosixyears.
REGIONAL INCENTIVE SYSTEM (SIR)
1. Objective
Theobjectiveofthisregionalassistanceprogramme,whichcoversallthecountry'slessdeveloped
inland andcoastal regions, istocontribute totheendogenous development ofthose regions byimproving
their competitiveness andhelping tocreate jobs andthereby reduce migration, while promoting
diversification oftheproduction ofgoods andservices.
2. Theduration ofthesubsidy is1994-1999.G/SCM/N/25/EEC
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3. Year 1996
Government expenditure programmed: PTE 12,119,277
Grants andrepayable joint financial participation:
Amounts approved: PTE 29,437,176
Amounts disbursed: PTE 7,599,422
INTERNATIONAL DEVELOPMENT SUPPORT PROGRAMME FOR
TRADE AND SERVICES (PAIEP 2)
1. Purpose
Topromote thesustained development ofthecompetitiveness oftrade andservices enterprises
inthecontext ofacoherent strategy forthemodernization andglobalization oftheir activities.
2. Theduration ofthesubsidy is1994-1999.
3. Year 1996
Government expenditure programmed: PTE 1,720,329
Amounts approved anddisbursed
(millions ofPTE)
Approved Disbursed
Subsidy forrepayable joint financial
participation atzero interest rate 5,221,198 2,293,913
TRADE MODERNIZATION SUPPORT PROGRAMME (PROCOM)
1. Purpose
Topromote thesustained development ofthecompetitiveness oftrade-sector enterprises in
thecontext ofacoherent strategy forthemodernization oftheir activities.
2. Theduration ofthesubsidy is1994-1999.G/SCM/N/25/EEC
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3. Year 1996
Government expenditure programmed: PTE 5,387,741
Amounts approved anddisbursed
(millions ofPTE)
Approved Disbursed
Interest subsidy
Non-repayable subsidy 10,758,669 720,745
SYSTEM OFFINANCIAL INCENTIVES FOR INVESTMENT INTOURISM (SIFIT III)
1. Purpose
This isacountry-wide regional assistance programme. Itspurpose istohelp toimprove the
quality ofnational tourism facilities andtodiversify thesupply, soastoachieve thebalanced
development ofthevarious regions.
2. Theduration ofthesubsidy is1994-1999.
3. Year 1996
Government expenditure programmed:
Amounts approved anddisbursed:
Approved Disbursed
Repayable joint participation +
non-repayable financial subsidy 5,386,703 4,185,633