Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-11-19-Speech-5-051"
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"en.19991119.4.5-051"2
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"The Council Regulation of 29 June 1998 stipulates that: “The Commission shall present to the Council a regular report on the market situation and appraise whether European yards are affected by anti-competitive practices. If it is established that the industry is being caused injury by anti-competitive practice of any kind, the Commission shall, where appropriate, propose to the Council measures to address the problem. The first report shall be presented to the Council no later than 31 September 1999”.
In line with this requirement the Commission prepared its first report which concludes that the shipbuilding industry in the global market is facing serious over-capacity problems. The situation continues to deteriorate as capacities continue to grow, competition is becoming stronger and prices fall.
The report examines in detail nine contracts awarded to Korean shipyards and finds that none is concluded at prices covering full costs and that injury is caused to EU yards. The report suggests that action should be taken by Member States and the IMF World Bank fora in order to verify whether the conditions and assumptions under which the IMF-led rescue package was given to Korea are fully respected in the case of shipyards. The industry, Member States and the Commission should collect all the necessary information that could form a basis for the preparation and lodging of a trade barrier regulation complaint and assess the appropriateness of resorting to a WTO action, the Commission should continue its market monitoring efforts in cooperation with the industry and, finally, all parties concerned should make an effort to establish a level playing field for the sector.
The Industry Council discussed the Commission's report at its meeting of 9 November 1999 and issued a Council conclusion on the situation in world shipbuilding. It shares the Commission's view on the critical situation of the shipbuilding sector worldwide and calls for continuing action to address the situation.
Following the Council meeting, bilateral discussions have been held with the Korean Government at the level of the Korean Deputy Minister for Trade Affairs and the corresponding officials in the Directorate-General for enterprise and the Directorate-General for trade. A bilateral meeting of the Korean and the EU industry and administration is under preparation for mid-December 1999. The intention is to organise a meeting on shipbuilding in the context of the OECD.
The Commission will continue its own monitoring efforts with the help of the industry and will collate and evaluate all the information and evidence collected, in line with the Council's conclusion. If necessary, further meetings will take place. The Commission will present its findings to the Industry Council and to the European Parliament in the spring of next year. My colleagues, Mr Lamy and Mr Solbes Mira are cooperating closely with me on this issue.
On the basis of this report the appropriate action will have to be decided."@en1
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