To enforce level playing field in shipbuilding.
There are no effective international trade tools for the shipbuilding industry to address the problem of overcapacity and its root cause (i.e. market-distorting support measures provided by non-EU jurisdictions and unfair practices). This is more than ever clear after last week’s decision by the OECD WP6 to suspend the exploratory discussions on a new Shipbuilding Instrument. Such a decision was de facto triggered by South Korea’s lack of willingness to engage in a meaningful discussion towards any effective international solutions.
More at SEA Europe press release