council decis june sign conclus agre minut european commun govern republ korea relat world shipbuild market ec council european union regard treati establish european commun articl conjunct sentenc articl thereof regard propos commiss world shipbuild industri experienc sever problem due overcapac unlik commun industri carri programm restructur capac cut korean shipyard substanti increas capac onward studi korean contract carri commiss independ consult show korean shipyard price cost practic enabl korean industri increas market share substanti expens commun industri experienc sever difficulti world price extrem low commun industri market share declin novemb council examin report situat world shipbuild present commiss articl council regul ec june establish rule aid shipbuild note sector face critic situat worldwid express concern practic sever damag interest shipyard commun conclus industri minist call commiss pursu effort establish level plai field sector immedi engag republ korea construct consult view halt unfair competit instruct commiss held round intens consult korean govern negoti draft agre minut agre minut sign commit korean govern refrain direct indirect intervent underwrit loss make korean shipyard appli internation accept financi account principl ensur korean shipyard set price reflect market condit agre minut provid ad hoc consult machineri deal promptli issu rais parti agre minut approv decid articl agre minut european commun govern republ korea relat world shipbuild market approv text agre minut attach decis articl presid council authoris design person empow sign agre minut order bind commun luxembourg june council presid capoula santo oj