Council Directive 92/68/EEC of 20 July 1992 amending Directive 90/684/EEC on aid to shipbuilding

COUNCIL DIRECTIVE 92/68/EEC  of 20 July 1992  amending Directive 90/684/EEC on aid to shipbuilding
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Article 92 (3) (d) and Article 113 thereof,
Having regard to the proposal from the Commission (1),
Having regard to the opinion of the European Parliament (2),
Having regard to the opinion of the Economic and Social Committee (3),
Whereas the shipbuilding industry is important for the structural development of the coastal region of the territories of the former German Democratic Republic;
Whereas the shipbuilding industry, as it existed in those territories at the time of their incorporation into the Community, requires urgent and comprehensive restructuring in order to become competitive; whereas the direct application of the common  maximum ceiling for production aid does not allow for such measures and a special transitional arrangement should therefore be introduced to enable the shipbuilding industry in those territories to operate during the period fo gradual restructuring  which should enable it to comply with the State aid rules applicable throughout the Community;
Whereas, moreover, competition considerations dictate that the sector of the shipbuilding industry of the territories in question should contribute significantly to the reduction of the excess capacity which, worldwide, continues to impede the  restoration of normal market conditions for the shipbuilding industry;
Whereas Directive 90/684/EEC (4) should therefore be amended,