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Japan is to participate in EU-Korea WTO Panel as a Third Party

分類: 造船業,海事政策,国際協調
JSC Press Release
26-June-2003eng_wto
26/06/2003

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JSC Press Release
26 June 2003
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 Japan is to participate in EU-Korea WTO Panel as a Third Party


1. Brief Summary
On 24th June the EU requested the Dispute Settlement Body (DSB) of the WTO establish a Panel pertaining to the Korean measures affecting trade in commercial vessels. As an interested party in the dispute, Japan has expressed its intention to participate in the Panel as a Third Party at the DSB Meeting.

2. Background
On 21st October 2002, the European Communities (EU) requested consultations with the Government of the Republic of Korea pursuant to the Article XXIII of the General Agreement on Tariffs and Trade 1994 and Articles of the Agreement on Subsidies and Countervailing Measures (SCM Agreement) with regard to measures affecting trade in commercial vessels. Although consultations were held on 22 November, 13 December 2002 and 7 May 2003, they failed to settle the dispute. Therefore the EU has requested that a Panel be immediately established in order to further the procedure at the WTO in order to solve this long-standing dispute.

3. The alleged unfair subsidies granted to Korean shipyards include:
  • The pre-shipment loan and advance payment refund guarantee schemes*(note:1) established by the Export-Import Bank of Korea (KEXIM).
  • The provision by the Korean Government, through government-owned and government-controlled banks, of corporate restructuring subsidies in the form of debt forgiveness, debt and interest relief and so forth and the Special Tax Treatment awarded to bankrupt companies such as Daewoo Shipbuilding and Marine Engineering.

Note1:
*Pre-shipment loan scheme: This scheme grants shipyards up to 90% of funds for newbuilding export vessels.
*Advance payment refund guarantee scheme: KEXIM provides a guarantee that foreign buyer will be refunded any advance payments given to a Korean shipyard if the yard fails to perform his obligations under the relevant export contract.

4. Envisioned Timetable:

- July 21, 2003
DSB Meeting (establishment of a Panel to be approved)
- September 2003
SDB Meeting (Japan to participate as a Third Party)
- February 2004
The Appellate Body Meeting (Japan to participate as a Third Party)
- End of 2004
Completion of WTO dispute procedure

5. Japanese Response to the Dispute
  • Japan has been making effort to establish fair competitive conditions in the international shipbuilding market through OECD WP6 and regular bilateral meetings with the major shipbuilding countries. The alleged market distortion caused by the unfair practices instigated by Korea is of Japanese interest.
  • Therefore, Japan has expressed its intention to participate in the Panel as a Third Party at the DSB Meeting on 24th June. Japan will submit its opinions in the context of establishing a fair competitive conditions and hopes these will to be reflected in the result of the dispute settlement.



If you require further information, please contact:

Mr. Koichi Kato
Director, Shipbuilding, Japan Ship Centre (JETRO)

Ground Floor, 9 Marshalsea Road
London SE1 1EP
Tel +44 (0)20 7403 1666
Fax +44 (0)20 7403 1777
info@jsc.org.uk

or

Shipbuilding Division
Maritime Bureau
Ministry of Land, Infrastructure and Transport
Tel +81 (0)3 5253 8111 ext. 43756/43753)

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