The European Commission has published the “WHITE PAPER on levelling the playing field as regards foreign subsidies”. The document refers to the conditions of equal competition in connection with subsidies applied by third countries, which use the benefits of the European internal market. SEA Europe, the European association of shipbuilders and manufacturers of the shipbuilding industry, agreed that this is a good step.
According to the association, however, specific and effective actions are needed to eliminate unfair competition from mainly Asian shipyards, which destroy European industry without applying any rules.
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The consultation lasts till 23 September 2020.