THE AGREEMENT AT A GLANCE THE MAIN PROVISIONSAgreement Respecting Normal Competitive Conditions in the Commercial Shipbuilding and Repair Industry • May 11th, 2001
The "Agreement Respecting Normal Competitive Conditions in the Commercial Shipbuilding and Repair Industry" aims at establishing, in a legally binding manner, a ’level playing field’ in the commercial shipbuilding and repair industry through: (1) a discipline for government support, (2) a legal instrument to deal with injurious pricing actions of shipbuilding companies, and (3) binding dispute settlement before an independent international Panel.
FIRST RATIFICATIONS OF THE "AGREEMENT RESPECTING NORMAL COMPETITIVE CONDITIONS IN THEAgreement Respecting Normal Competitive Conditions in the Commercial Shipbuilding and Repair Industry • December 14th, 1995
This Agreement includes legally binding rules to create a level playing field for competition in the shipbuilding industry through three mechanisms: a) a subsidies discipline barring direct and indirect subsidies as well as certain distortive regulations; b) an injurious pricing instrument making anti-dumping applicable to shipbuilding; c) a binding dispute settlement before an international Panel to enforce the subsidy discipline and the injurious pricing instrument, backed up by remedies and countermeasures.
AGREEMENTAgreement Respecting Normal Competitive Conditions in the Commercial Shipbuilding and Repair Industry • June 13th, 2001
