European shipyards call for action against state subsidies

Sea Europe, which represents European shipyards, says it is necessary to create an international instrument to ensure fair competition globally. The call comes after the OECD has suspended discussions on a mechanism for the shipyards.

Photo: PR / HMM

European suppliers are calling for intervention against state subsidies awarded to shipbuilders outside the EU.

Sea Europe, which represents European shipbuilders, among others, says that an international body is needed to ensure fair competition globally.

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