The European Commission this week ratified the Organisation for Economic Cooperation and Development agreement on shipbuilding

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Series Details 14/12/95, Volume 1, Number 13
Publication Date 14/12/1995
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Date: 14/12/1995

This accord - agreed between the EU, the US, Japan, Korea and Norway - phases out direct production subsidies for shipbuilders. Anti-competitive practices, such as price-fixing, bid-rigging and predatory acts, will be banned.

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