By Jerzy Czuczman
SEA Europe calls for unilateral measures
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