CEO Comité Européen de l‘Outillage 
European Tool Committee 
Europäisches Werkzeugkomittee

European Council’s approval to modernised trade defence rules

On 16th April, the Council gave a formal approval to the political agreement reached between the Commission, the Council and the European Parliament to modernise the EU’s trade defence instruments.

The changes to the EU’s anti-dumping and anti-subsidy regulations will make the EU’s trade defence instruments more adapted to the challenges of the global economy: they’ll become more effective, transparent and easier to use for companies. In some cases they will also enable the EU to impose higher duties on dumped products.

 

The new rules will shorten the current investigation period and make the system more transparent. The companies will benefit from an early warning system that will help them adapt to the new situation in case duties are imposed. Smaller companies will also get assistance from a help desk, to make it easier for them to trigger and participate in trade defence proceedings. Also, in some cases, the EU will adapt its ‘lesser duty rule’ and may impose higher duties. This will apply to cases targeting imports of unfairly subsidised or dumped products from countries where raw materials and energy prices are distorted.

 

Further information:

European Commission press release on trade defence

Tagged with: , ,
Posted in Foreign Markets, General Market News

Leave a Reply


NOT ACTIVE / Left Sidebar is active
Members Log In

Associated Partners