Article 7 Aid for investments for promotion and advertising of fisheries products

Aid for investments for promotion and advertising of fisheries products shall be compatible with the common market within the meaning of Article 87(3)(c) of the Treaty and shall be exempt from the notification requirement of Article 88(3) of the Treaty provided that:

1. (a)

   the aid concerns an entire sector or product or group of products in such a way that it does not promote the products of one or more specific undertakings,

2. (b)

   the aid complies with the conditions laid down in Article 14 of, and point 3 of Annex III to Regulation (EC) No 2792/1999;

   and

3. (c)

   the amount of the aid does not exceed, in subsidy equivalent, the total rate of national and Community subsidies fixed by Annex IV to that Regulation for such aid.