上海自贸区将启动贸易调整援助试点 - 2017年07月14日

Shanghai Pilot Free Trade Zone will implement the Trade Adjustment Assistance program on a trial basis from July 15.

The TAA program was first introduced in 1962 to reduce the damaging impact of imports felt by certain sectors of the US economy. It was then adopted by the EU, Japan, South Korea and other economies, officials said.

FTZ enterprises can apply for assistance if they suffer labor losses, shrinking sales, and falling share prices due to trade frictions. Government assistance is available if a company reports a 20 percent loss of employees in one year or a 10 percent loss for two consecutive years, or a 30 percent drop in outputs or sales.