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September 26, 2002

Korea rejects EU shipbuilding demands
The European Commission has issued a statement saying that between September 24 and 27 the EU and Korea held intensive high level negotiations to find a mutually agreed solution to the long-standing EU complaints of Korean unfair shipbuilding practices.

The EU delegation was headed by M. P. Carl, Trade Director General of the European Commission and the Korean delegation by Kim Chil-du, Korean Vice-Minister for Trade, Industry and Energy.

"Despite the numerous effort made by the EU delegation to reach a mutually acceptable compromise solution," says the EC statement, "the Korean delegation today rejected all the proposals put forward by the EU until then, insisting on the lack of support of the Korean industry for such an agreement."

The European Commission will now report to the EU Council of Ministers on September 30 2002.

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