Council Directive 94/73/EEC of 19 December 1994 amending Directive 90/684/EEC on aid to shipbuilding

COUNCIL DIRECTIVE 94/73/EC of 19 December 1994 amending Directive 90/684/EEC on aid to shipbuilding
THE COUNCIL OF THE EUROPEAN UNION
,
Having regard to the Treaty establishing the European Community, and in particular Articles 92 (3) (e) and 113 thereof,
Having regard to the proposal from the Commission,
Having regard to the opinion of the European Parliament (1),
Having regard to the opinion of the Economic and Social Committee (2),
Whereas Council Directive 90/684/EEC of 21 December 1990 on aid to shipbuilding (3) will expire on 31 December 1994;
Whereas the aid policy established in Directive 90/684/EEC has generally achieved its objectives;
Whereas the text of an agreement respecting normal competitive conditions in the commercial shipbuilding and repair industry has been agreed with the Organization for Economic Cooperation and Development (OECD) between the world's most important  shipbuilding nations, including the Community, which excludes all aid for shipbuilding, except for aid for research and development and social aid related to closures;
Whereas that agreement should enter into force on 1 January 1996, after deposit of instruments of ratification, acceptance or approval by the parties thereto;
Whereas the parties to the agreement have agreed not to increase their present level of aid to the shipbuilding industry until the entry into force of the agreement;
Whereas provision should be made for the Kingdom of Spain to pay aid already approved by the Commission in 1991 (4) for which a derogation from OECD agreement has already been made up until the end of 1998,