EU new trade defence rules
“Our unshakable and facts-based conviction that trade brings prosperity will not prevent us from defending our workers and companies with all legitimate tools when others do not play by the rules. With this new legislation and a new set of modernised tools that will be soon in place, Europe will be able to deal more effectively with the ever changing realities of the international trading environment.” Said president .
The EU’s new trade defence legislation,an integral part of President Juncker’s agenda on A Europe that Protects, enters into force. It will change the way the EU tackles dumped and subsidised imports from countries with significant state-induced market distortions. The purpose of this new legislation is to make sure that Europe has trade defence instruments that are able to deal with current realities in the international trading, while fully respecting the EU’s international obligations in the legal framework of the World Trade Organisation (WTO). Commissioner for Trade, Cecilia Malmström said: “The EU is open for business. But we must also protect our industry from unfair competition from imports, particularly from countries whose economies are significantly distorted owing to state interference. The publication of country reports will help us to put the new methodology into practice. It will also give the EU industry a basis on which to make its case concerning countries where distortions exist.” The Commission also published today its first country report on state-induced distortions. It concerns China and is going to be followed by reports on Russia and other countries and sectors most often targeted by EU anti-dumping measures.