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Europe Daily Bulletin No. 7696

12 April 2000
Contents Publication in full By article 13 / 55
GENERAL NEWS / (eu) eu/korea
(Non-binding) agreement on shipbuilding after Korea makes certain commitments

Brussels, 11/04/2000 (Agence Europe) - The European Union and South Korea concluded, on Monday, an amicable agreement on shipbuilding. The aim is to control the world crisis in the shipbuilding sector, which is partially due to production over-capacity and dumping practised by South Korean shipyards, South Korea today being the leading world producer before Japan. According to Commission information, prices practised by shipbuilders allowed Korea to win 72% of new contracts in January 2000,...

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