Report on EU trade defence – effective protection against unfair trade

Malmstrom European Union

Visit of Cecilia Malmström, Member of the EC in charge of Trade, to Cape Town. European Union, 2019 Photographer: Rodger Bosch Source: EC – Audiovisual Service.

This article is brought to you in association with the European Commission.


The EU shields 320,000 direct jobs across Europe from unfair foreign competition through its trade defence measures, according to a report out today.

The Juncker Commission has strengthened Europe’s trade defence toolbox through two major reforms. Since 2014, it has also applied 95 measures to ensure that European companies and workers can compete on fair terms. Two-thirds of all the 135 measures in place concern imports from China.

In 2018 the EU completed the biggest overhaul of its anti-dumping and anti-subsidy legislation since 1994. The reform strengthened the EU’s defences against dumped and subsidised imports. Against this background, the EU continued its intense activity and finalised a high number of investigations resulting in new protection measures, in particular in the steel sector. The year 2018 was also notable in that the EU imposed three safeguard measures, the first since 2002.

President of the European Commission Jean-Claude Juncker said: “We are open traders, but we cannot afford to be naïve. Not all of our trade partners want to play by the same rules that we do – we must not be taken advantage of and must protect the EU, its companies and its workers against unfair trading practices. Our intense work in this field in the past few years bears fruit: we have now in place tools that are better-suited for today’s global economy and we will continue working to ensure our companies and workers are shielded from any unfair practices.”

Commissioner for Trade Cecilia Malmström said: “Open economies need effective tools to enforce fair competition, especially at a time where some countries don’t want to play by the rules. This report shows that our trade defence team is working harder than ever to safeguard jobs and protect the EU from unfair trade practices around the world. Thanks to our recent reforms, we are able to act quicker and our tools are more suited to the current global economic challenges.”

According to today’s report, since the beginning of the mandate of the Juncker Commission in November 2014 until December 2018, the Commission has imposed 95 trade defence measures. At the end of 2018, the EU had 93 definitive anti-dumping measures and 12 anti-subsidy measures in place. Almost 44% of them were measures applying to imported steel products. Of all the measures in force, over two-thirds (68%) concern products imported from China.

EU trade defence measures provide welcome relief to European companies. In some cases, the duties resulted in a decrease of unfairly priced imports of up to 99%. At the same time, the duties are set at a level that is sufficient to restore competitive conditions on the EU market, without overburdening EU consumer and industries that rely on imports.

The main highlights of 2018:

  • Major overhaul of TDI legislation: The EU reformed its anti-dumping and anti-subsidy legislation in 2018 to react more effectively to unfair trade practices that harm EU producers. The changes have made investigations faster and more transparent, with an additional focus on helping smaller companies. These new rules, which started applying for new investigations in 2018, include the possibility to impose higher duty levels in cases where there are more serious market distortions.
  • Continued high EU trade defence activity: In 2018, the EU initiated 10 new investigations, of which four concerned imported steel products. There were 14 decisions taken regarding new measures. The EU also initiated 17 investigations to review existing measures, with seven decisions taken to keep measures in place. Furthermore, the Commission initiated three safeguard investigations, one in the steel sector and two bilateral ones on rice with Cambodia and Myanmar.
  • Resolute action to safeguard EU steel producers: Following the imposition of measures by the US on steel and aluminium, the EU took action to address the disruptive effects of the measures on the EU steel sector. This was necessary to avoid global trade diversion towards the EU that threatened to damage EU steel producers.
  • Strong and continuous defence of EU exporters targeted in foreign investigations: the Commission intervened in around 70 foreign trade defence investigations targeting EU exporters in cases of unwarranted or abusive use of trade defence instruments. This lead to the successful removal or non-imposition of duties in many cases. The number of trade defence measures targeting EU exporters now stands at 174, as compared to 162 in 2017. This upward trend is expected to continue over the next years.

Advertising

Advertising

Advertising

Advertising

Advertising

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Gender equality within junior enterprises: the effect of President’s gender

Close to final agreement on the EU Banking Union

Antitrust: Commission sends Statement of Objections to O2 CZ, CETIN and T-Mobile CZ for their network sharing agreement

‘Answer the call of Afghans’ to reduce impact of conflict, UN urges all parties amid increase in civilian airstrike deaths

Greece bailout ends but with no substantial effect on citizens’ life

Brexit mission impossible: Theresa May was so desperate that had to appoint Boris Johnson as Foreign Secretary

To entrepreneurship and beyond!

Amid global ‘learning crisis’, Parliaments can ensure adequate resources for education, says UN Assembly President

UN mourns death of former Secretary-General Kofi Annan, ‘a guiding force for good’

This is how climate science went mainstream

Young activists share four ways to create a more inclusive world

UN rights chief ‘appalled’ by US border detention conditions, says holding migrant children may violate international law

IMF asks Europe to decide on bank resolutions and the Greek Gordian knot

Threat from petty criminals who turn to terrorism, a growing concern, Security Council hears

The developing countries keep the world going

Joris in Indonesia

Dreaming of China

5G: How a ‘legion of robots’ could help save the rhino

Commission notifies the Republic of Panama over the need to step up action to fight against illegal fishing

Service and Sacrifice: Guinean peacekeepers make their mark in Mali

UN member states express their will to tackle global migration but specific actions are still missing

Secretary-General calls for global participation in UN75 dialogues for better future for all

MWC 2016 LIVE: Telenor CEO calls on operators to embrace Mobile Connect initiative

MEPs call for sanctions against Turkey over military operation in Syria

Germany not famous for easy way outs from political stalemates

Smart devices must come with trust already installed

How a new approach to meat can help end hunger

EU leaders agree on 2030 Climate and Energy Package: is “flexible” brave enough?

Northern Ireland: Parliament wants to secure post-Brexit regional funding

Globalization 4.0 must build a better world for working people

Syria: Civilians bear brunt of unilateral sanctions, exacerbating ‘unparalleled suffering, destruction,’ says UN expert

Global economy to see ‘steady’ growth of three per cent in 2019 despite risks, says UN

Schaeuble wants IMF out and bailouts ‘a la carte’ with Germany only to gain

At Arab League Summit, Guterres reaffirms strong link between UN and people of Arab world

Ukraine: Temperatures plunge amid rising humanitarian needs

Closing VAT loopholes for sales through online platforms

How trade tariffs could help combat climate change

These 5 countries plan to slash their CO2 emissions. But how will they do it?

Why economic growth depends on closing the interview gap

North Korea missile tests ‘deeply troubling’: senior UN official

Trump and Brexit: After the social whys the political whereto

Defence: European Commission paves the way for first joint industrial projects under EU budget

5G in Russia: a local and global view on the way forward, in association with The European Sting

EU adopts rebalancing measures in reaction to US steel and aluminium tariffs

Britain’s poet laureate has created a prize to highlight poetry about the climate crisis

Next time you fly, could you be boarding a train instead of a plane?

Fighting forest fires in Europe – how it works

Here’s why leaders need to care about mental health

LEAGUE OF YOUNG VOTERS LAUNCHES TOOL FOR YOUNG PEOPLE TO COMPARE POLITICAL PARTIES AHEAD OF EU ELECTIONS

The US starts an intense currency war to protect its global standing

Why feeding the planet doesn’t have to mean sacrificing our forests

For how long will terror and economic stagnation be clouding the European skies?

Learn from the margin, not the center: digital innovation with social impact as transformative force bridging digital divide

Youth policy in Europe not delivering for young people

This young scientist is tackling food insecurity for the world’s most vulnerable groups

Sudan: Health challenges in the Sustainable Development Goals era

Brazilian health: right or privilege?

New UN rights report paints bleak picture in eastern DR Congo

Here are 5 new green laws coming into force in 2020

70 years after the Universal Declaration of Human Rights, this is why we need dignity more than ever

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s