The OECD Shipbuilding Agreement and Legislation in the 105th Congress Page: 1 of 6
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97-662 E
Updated August 14, 1998The OECD Shipbuilding Agreement and
Legislation in the 105th Congress
Lenore Sek
Specialist in International Trade and Finance
Economics DivisionSummary
The OECD Shipbuilding Agreement
The "Agreement Respecting Normal
Competitive Conditions in the Commercial
Shipbuilding and Repair Industry" was
negotiated under the auspices of the
Organization for Economic Cooperation and
Development (OECD). Signatories are the
European Union, Japan, Korea, Norway, and
the United States, which currently represent
about four-fifths of world shipbuilding (see
figure). They signed the Agreement in
December 1994. The United States is the only
signatory that has not ratified the Agreement.Share of World Shipbuilding
(gross tons on order as of 10/1/97)U.S. 2% S. Korea 34%
Japan 31%
Other 14%
Norway 1% China 5%
EU 14% Poland 2%
Source: U.S. Maritime Administration.Congressional Research Service + The Library of Congress
CRS Report for Congress
Received through the CRS WebIn December 1994, the United States, the European Union, Japan, Korea, and
Norway signed an agreement on shipbuilding that was negotiated under the Organization
for Economic Cooperation and Development (OECD). The agreement prohibits most
subsidies for shipbuilding, limits financing assistance, allows actions against injurious
pricing, and establishes a dispute resolution process. Although the United States was the
lead proponent of the agreement, it is the only signatory that has not ratified the
agreement. U.S. maritime industries are split. The largest shipyards oppose the
agreement without modifications such as a longer phase-out of the U.S. vessel financing
guarantee program. Mid-level shipyards and vessel operators support the agreement,
primarily for its provision to end most shipbuilding subsidies. Legislation to approve the
agreement and make necessary statutory changes has been introduced in the 105th
Congress.
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Sek, Lenore. The OECD Shipbuilding Agreement and Legislation in the 105th Congress, report, August 14, 1998; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc821694/m1/1/?q=%22Sek%2C%20Lenore%22: accessed April 28, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.