Mobilisation of the European Globalisation Adjustment Fund: technical assistance by the Commission in 2018

PURPOSE: to mobilise the European Globalisation Adjustment Fund (EGF) to finance technical assistance at the initiative of the Commission.

NON-LEGISLATIVE ACT: Decision (EU) 2018/845 of the European Parliament and of the Council on the mobilisation of the European Globalisation Adjustment Fund (EGF/2018/000 TA 2018 — Technical assistance at the initiative of the Commission).

CONTENT: the EGF was created 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, or as a result of a new global financial and economic crisis, and to assist them with their reintegration into the labour market.

The EGF is not to exceed a maximum annual amount of EUR 150 million (2011 prices).

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.

Consequently, the EGF is mobilised to the amount of EUR 345 000 in commitment appropriations to finance technical assistance on the Commission's initiative, under the Fund within the 2018 budget.

ENTRY INTO FORCE: 11.6.2018.