□　将来の建造需要、生産性向上による現存設備による建造量の増大を考慮すれば現存設備で十分であり、韓国の設備拡張は過剰建造能力を再びもたらし、船価及び正常な競争に悪影響をもたらす。

□　構造調整・市場の安定に関する政策協調の指針を定めた「造船政策に関する改訂一般指導原則」に反するものであり、市場において正当化されえないものである。

□　韓国政府は、造船業への関与に関する造船政策を再考すべき。

□　各国の懸念を業界に伝えるとともに、建造設備拡張への支援をしないこと、設備拡張により将来困難な事態に陥っても救済を行わないことを明示すべき。

1. State their strongest concern on the negative consequences of a renewed "overcapacity" at international level with corresponding effects on the level of prices and on normal conditions of competition; In fact, according to all forecasts and taking account of the growth in competitiveness and productivity improvement anticipated by all shipbuilders, existing world capacity is expected to be fully sufficient to accommodate all future building requirement, both in terms of replacement of the fleet and increase in sea-borne trade.

2. Consider that an increase in capacity of Korean shipbuilders, which would in no way be justified by the reality of the market, would seriously undermine the purpose of the Revised General Guidelines for Government Policies in the Shipbuilding Industry and the shipbuilding agreement currently under negotiation which seeks to ensure a balanced market for shipbuilding by way of a return to normal competitive conditions. Such an increase would be an unfortunate return to what could be seen as an artificial "target oriented" commercial strategy seeking to create the situation of "fait accompli" such as existed in the 1970/80s, at a time of deep crisis, when a majority of producing countries were reducing substantially their capacities, important new capacities were installed in Korea. Such policy is still the major cause of the current world problems in the sector.

3. Recall the principle of "solidarity, fairness and international responsibility" set out in the Revised General Guidelines for Government Policies in the Shipbuilding Industry to which the Korean government subscribed in 1990, on its accession to the Working Party No.6 of the OECD.

4. Request the Korean government to reconsider its decision, the consequences of which might damage the sector as a whole and jeopardize the efforts of the Governments of the WP6 to create the conditions under which an equilibrium in the level of supply and demand in shipbuilding industry can be established.

1. Joins with the European Union, Japan and other parties in expressing is strong concern about the potential impact of the Korean industry's announced plans on the balance of supply and demand in the shipbuilding sector, given an already existing overcapacity;

2. Expresses its hope that the Government of the Republic of Korea will make clear to its shipbuilding industry

-- its intention to neither contribute to the planned expansion nor extricate the industry from any difficulties that expansion may cause in future, and

-- the deep concern the expansion plans have generated among all Council Working Party Members about the prospect of destabilization of the shipbuilding market.

3. Affirms its intention to carefully review the influence of previous and existing Korean government support measures, including the 1989 rationalisation program for DSHM and KSEC, on the announced plans to increase capacity and to carefully monitor developments to ensure that any expansion is carried out without further government support or involvement.

1. draws the attention of the Council Working Party on Shipbuilding to the fact that the issue of capacity increase should be discussed in light of its impact on the future development of the world shipbuilding industry as well as of other related sectors.

2. Finds it not desirable for the Government to intervene in the investment decisions of private enterprises which are taken on a commercial basis in response to the changing market situations.

3. Stresses the importance of full and effective implementation of the Shipbuilding Agreement for the sound development of the world's shipbuilding industry on the basis of market principles.

4. Invites all delegations to reaffirm their assurance that the Governments will not provide any supportive measure to the capacity increase of the shipbuilders which is in violation of the Agreement, and will abide by the Agreement in the future with regard to any difficulties that such an expansion may cause to them.