The new legal framework for anti-dumping, designed to protect the EU against unfair trade practices, has been signed. It will come into force on December 20.
The European Commission on December 13 signed the new legal framework on anti-dumping. The changes were officially approved by the European Council on December 4, after the European Parliament adopted the new directives in mid-November.
Europe has been struggling for a long time with the issue of how to deal with future anti-dumping procedures. This is primarily due to China, which has been promised market economy status by the World Trade Organization.
This recognition would make anti-dumping measures against Chinese imports into the European Union more difficult.
Consequently, under the new rules, the former distinction between market and non-market economies for calculating dumping, while maintaining the same level of protection for producers, has been removed.
“The Commission will now need to prove the existence of a ‘significant market distortion’ between a product’s sale price and its production cost. On that basis, it will be allowed to set a price for the product by referring for example to the price of the good in a country with a similar level of economic development or to relevant undistorted international costs and prices,” read a statement on the commission’s website.
It added, “The Commission will also draft specific reports on countries or sectors describing distortions. In line with current practice, it will be for EU firms to file complaints, but they will be able to use the Commission’s reports to support their case.”
Having been signed on December 13, the new rules will come into force on December 20.
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