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Image header Agence Europe
Europe Daily Bulletin No. 7959
Contents Publication in full By article 13 / 35
GENERAL NEWS / (eu) eu/ship yards

Commission could bring case before WTO and reinstate aids to European shipyards

Brussels, 07/05/2001 (Agence Europe) - On Tuesday, the Commission should decide, over the possibility of bringing the case of South Korean shipyards to Geneva and reinstating aids to European ship yards. EUROPE believes that it will be called upon, by Mr Lamy, Mr Monti and Mr Liikanen, to launch a dispute settlement procedures in the WTO and reinstate the Community aid mechanism to the sector, as of next 30 June, if the case is not resolved before then. It is in this direction that the three document, which must be presented to the College move, one week after the report setting out that the dumping practices and the public subsidies are at the root of the dominant position enjoyed by South Korea (see EUROPE of 3 May, p.12), namely: 1) the information memorandum from Mr Lamy on the investigation carried out under the regulation relating to trade barriers, and over the talks with Seoul; the draft decision on the possibility of having the WTO intervene; 3) the draft regulation on services by Mr Monti concerning the return of regular aids to European ship yards while awaiting the results of the procedure in Geneva.

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