000 TA 2014 - Technical assistance at the initiative of the Commission - Main contents

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dossier	COM(2014)366 - Globalisation Fund EGF/2014/000 TA 2014 - Technical assistance at the initiative of the Commission.
document	COM(2014)366
date	September 25, 2014

table>(1)The European Globalisation Adjustment Fund (EGF) was established to provide support for workers made redundant and self-employed persons whose activities have ceased as a result of major structural changes in world trade patterns due to globalisation, as a result of a continuation of the global financial and economic crisis addressed in Regulation (EC) No 546/2009 of the European Parliament and of the Council (4), or as a result of a new global financial and economic crisis, and to assist them with their reintegration into the labour market.

(2)	The EGF shall not exceed a maximum annual amount of EUR 150 million (2011 prices), as laid down in Article 12 of Regulation (EU, Euratom) No 1311/2013.

(3)	Regulation (EU) No 1309/2013 provides that a maximum of 0,5 % of the annual maximum amount of the EGF may be used each year for technical assistance at the initiative of the Commission. The Commission therefore proposes to mobilise an amount of EUR 330 000.

(4)	The EGF should, therefore, be mobilised in order to provide technical assistance at the initiative of the Commission,