The European Union will take the first step on Wednesday (13 January) towards refashioning its trade ties with Beijing, torn over how to lower its defences to avert Chinese retaliation while protecting key industries against a damaging flood of cheap imports.
The European Commission’s Trade For All strategy, released in October, contains much to appreciate, especially from the Foreign Trade Association’s perspective, which represents EU importers, retailers and brand-names, writes Christian Ewert.
China lost an appeal ruling yesterday (14 October) in a World Trade Organization dispute in which Japan and the European Union had complained about Chinese use of anti-dumping duties on high performance, seamless stainless steel tubes.
Unfair Chinese aluminium trading is killing the European industry and, if the country is given market economy status by the European Union, it could have a catastrophic impact on EU jobs and production, warns Gerd Götz.
Escalated tensions between the European Union and China over solar panel tariffs is not going to cause a trade war. These disputes are short-lived, even if they are expected to continue in the coming years, explains George Friedman.
The European Commission agreed to impose punitive import duties on solar panels from China in a move to guard against what it sees as dumping of cheap goods in Europe, prompting a cautious response from Beijing which called for further dialogue.
The extent of the split within the European solar industry over proposals for Brussels to impose tariffs on imported solar panels from China was laid bare yesterday, when it emerged that over 1,000 companies from across the industry have written to the European Commission warning import duties could have a grave impact on the industry.
EU states agreed to impose duties on imports of Chinese plates and other table and kitchenware on Thursday (4 April) after the bloc's executive body said the cheap Asian products were crowding out local goods, according to officials.
When EU and Chinese leaders meet on Thursday (20 September), they are expected to explore future cooperation amid tensions over the European Commission's investigation into allegations of dumping by China’s solar industry.
The EU has initiated anti-subsidy and anti-dumping investigations into imports of biodiesel from the United States in what could turn into the next major trade row between the bloc and its number one trading partner.
Cheap imports do not pose a threat to the EU, Chinese manufacturers have insisted, as the Commission attempts to deal with an increasing number of requests to introduce punitive duties on Chinese products, allegedly dumped on EU markets at below-cost prices.
The Commission has launched an investigation into imports of steel from China, South Korea and Taiwan, which European steelmakers have complained are being dumped on the market at below cost price, putting thousands of jobs at stake.
Plans to reform the EU's trade defence mechanisms have been shelved until further notice due to deep divisions among member states over how to deal with cheap imports from countries such as China, EU Trade Commissioner Peter Mandelson has announced.
Europe's anti-dumping policy looks set to be put to the test again as European steelmakers up the pressure on the Commission to impose punitive duties on imports from China, South Korea and Taiwan, which they say are being dumped on the market at below cost price. But importers warned such duties could affect some seven million metalworkers and mechanical engineers in Europe who rely on cheap imports to remain competitive.
EU ministers have approved a Commission decision to extend anti-dumping duties on imports of energy-saving light bulbs from China, despite protests from environmentalists and a number of leading European companies.
European consumers will probably have to wait another year before they see the prices of energy-saving light bulbs fall, following a Commission decision to extend anti-dumping duties on imports from China rather than scrap them immediately.
A row is brewing over a proposal by UK Trade Commissioner Peter Mandelson to scrap EU anti-dumping duties of up to 66% on energy-efficient light bulbs imported from China, as his German counterpart, in charge of industry, Günter Verheugen, attempts to block the move.
Meeting with his Chinese counterpart, EU Trade Commissioner Peter Mandelson warned that China could face retaliation unless it removes "indefensible" trade barriers that are partly to blame for Europe's ballooning trade deficit with the Asian giant.
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