EU Complains about South Korea's Subsidies
 
Advertise Here
Trending Topics:
Sunday, June 14, 2015

Ship Equipment
Ship Maintenance
Unitor
Ship Systems
Bimco
Worldwide Metric
Portvision
Hydroscan
Freeman Marine
Neptune Group

MarineTalk
Home Page
About MarineTalk
Buyer's Guide
World InfoDesk
Discussion Forums
Advisory Board
FAQ
Advertising Information
Submit Company Listing
Edit Company Listing
Site Map
 
MarineTalk Site Search:
Featured Companies

O.E. ENTERPRISES
Leading Manufacturer of underwater loudspeakers and underwater speakers for use in diver recall systems, underwater High Powered Communication Systems and synchronized swimming sound systems. Also used in marine mammal research and aquariums.
    USA Ohio

Hong Kong Shippers' Council
The Hong Kong Shippers' Council consists of 15 trade associations, composed of manufacturers, traders, exporters/importers, and chambers of commerce.
    Hong Kong

Satakunta Polytechnic
The Unit of Maritime Management Training of Satakunta Polytechnic is located in the town of Rauma on the south-west coast of Finland. It offers high-level training programmes aimed at the Sea Captain's and Maritime Engineer´s Degrees.
    Finland

Faculty of Nautical Sciences, Cadiz University
The spanish city of Cadiz is located in the southernmost province of Andalusia. From the earliest of times the Sea of Cadiz has played an important historical: the Mediterranean and the Atlantic, Non Plus Ultra of the old culture.
    Spain

EU Complains about South Korea's Subsidies

      6/19/2003

The European Union sent its dispute with South Korea over subsidies to shipyards to a World Trade Organization arbitration panel, saying efforts to negotiate an amicable solution failed. The EU has sought for years to force Seoul to stop giving what the EU considers to be unfair subsidies in the form of export financing by the government-owned Korean Export-Import Bank or help with restructuring, notably to Daewoo. South Korea denies the allegations.

In the meantime, European governments may offer limited support to their own shipyards if needed without violating EU rules on state aid. It was said that at least two European shipyards have so far requested the subsidies, but more could still apply. European shipyards have been losing to Asian competitors in recent years, resulting in bankruptcies and massive layoffs. South Korean shipyards have seen their market share climb in recent years by more than a third to 36 percent of the world market, while the EU share has sunk by more than half to only 8 percent.


NJ.com  


You may also like:
Trending Technology, World Shipping & Maritime News





Latest Marine News and Technology Articles | Maritime 2015 Buyer's Guide





MarineTalk

E-mail:  Contact Us

Copyright © 1998 - 2015 MarineTalk
Division of Link Internet Business Solutions
All rights reserved.

The reproduction, retrieval, copying or transmission of this Web site content,
in whole or in part, is not permitted without the express permission of
MarineTalk .