More robust anti-dumping rules to defend european industries and jobs

The expiry in December 2016 of parts of China’s 2001 World Trade organisation accession protocol called into question whether WTO members can treat China as a non-market economy and calculate anti-dumping measures accordingly.

The new rules would use the same anti-dumping methodology for all WTO members regardless of whether they have market economy status, but will target countries where “significant market distortion” exists, i.e. where prices are not market-based due to state interference.

European jobs and businesses have been under immense pressure due to China’s excess production capacity and subsidised economy, especially in the steel sector.

The european Union opposes unfair competition from China in a way that complies with WTO rules.

The new rules for the calculation of import duties, among other things, propose:

  • the exporting country’s compliance with international labour, fiscal and environmental international standards,
  • potential discriminatory measures against foreign investments
  • effective company law
  • property rights and tax bankruptcy regime
  • a detailed report by the european Union, describing the specific situation in a certain country or sector for which the calculation of duties will be applied
  • no additional burden of prood on european companies in anti-dumping cases.

European businesses deserve better protection from unfair trade practices, which endanger jobs and investments all over Europe.

Free global trade is only to our benefit if everyone play by the rules.

By creating clear and tough anti-dumping rules, we can protect citizens from the negative effects of globalisation

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