EU trade defence measures are effective in reducing unfair international trading practices, according to an annual report published today by the European Commission. The anti-dumping or anti-subsidy duties imposed by the Commission lead on average to an 80% decrease in unfair imports, leaving other foreign supplies unaffected. EU measures protect now also 23,000 more jobs than a year before.
Commissioner for Trade Phil Hogan said: “A strong and effective trade defence is of key importance to protect our companies and jobs against unfair trading practices and to ensure diversity of supply. Making sure our companies operate in fair market conditions will be even more crucial in the times of post-corona crisis recovery.
While imports offer more choice at a competitive price for our consumers and businesses, we need to make sure they come to Europe on fair terms, not dumped or subsidised, and that they do not make us overdependent. That’s why I am pleased to see that the system we have in place works and that the reforms of the last years are paying off.”
Today’s report highlights in particular the continued high-level of EU trade defence activity, an increase in the number of EU jobs protected, sustained effectiveness of EU trade defence measures in reducing unfair imports, the Commission’s resolute action to safeguard EU steel market, a strong focus on enforcement and countering circumvention, a new recourse to safeguard measures, as well
s strong defence of EU exporters targeted in foreign trade defence investigations.
Daniel Rosario –