On 24 July 2007, the European Commission adopted a Regulation increasing the de minimis ceiling for aid to the fisheries sector. The ceiling will be set at EUR 30,000 per three year period, per beneficiary, on the condition that the total amount of such aid represents less than 2.5 per cent of the annual national fisheries output. The previous level of aid, set at EUR 3,000 in 2004, was deemed to be very low and a higher level could be permitted without distorting competition. The trawling sector is likely to be the main recipient of de minimis aid. This new Regulation will apply until 31 December 2013.