Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-11-14-Speech-3-221"

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"en.20011114.10.3-221"2
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"Ladies and gentlemen, I wish first of all to express my satisfaction at the way in which Mrs Riis-Jørgensen’s report has been very fruitfully amended in committee, which will enable us to establish a defensive mechanism for our shipbuilding industry. We are all already aware of the difficulties that this sector has faced for years as a result of unfair competition from Korea. We are also aware that Korea continues to set prices below cost, that the Korean authorities provide their shipyards with subsidies, both direct and indirect, that bankrupt shipyards are kept operational, that South Korea’s production capacity increased by 170% between 1988 and 1997, whereas, during the same period, European production fell by 30%. And yet, during this time, European subsidies were ended. All attempts to resolve the matter amicably have been in vain and a case therefore had to be lodged with the WTO. I am pleased that this case has now been supplemented with a proposal for a defensive mechanism. The WTO procedure will probably last three years. It would be absurd to leave European shipbuilding unprotected for this time and the Commission has proposed a defence mechanism in the form of subsidies. I support this measure but I would add that Korean competition also affects oil tankers. One Korean company, with USD five billion’s worth of losses that have been absorbed by state banks, nevertheless won half of all industrial tonnage in 2000 – by dropping prices. At a time when the consequences of the 11 September attacks have led to a pause in orders for cruise ships, a sector which does not need subsidies, orders for oil tankers are much needed, which is why we must include this sector in the defensive mechanism. This is my contribution, ladies and gentlemen, to this very important debate on shipbuilding. I too wish to see Parliament give massive support to the Commission’s proposal."@en1

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