The European Commission must demonstrate the viability of the new „non-standardized” anti-dumping rules

The European Steel Association Eurofer expects the European Commission (EC) to demonstrate the usefulness and practicality of its new anti-dumping methodology. An industry representative said on Tuesday, October 3, 2017.

Negotiators for the European Parliament and the Council of the trade bloc reached an agreement on October 3 regarding a proposal adopted by the EC in November 2016, which will amend EU anti-dumping and anti-subsidy legislation. „This agreement is important to ensure that European businesses are sufficiently protected. Against the dumping practiced by the countries that significantly distort the markets”. Eurofer general manager Axel Eggert said.

By using the new methodology, it is expected that the EU can obtain undistorted costs. For example, raw materials and energy – from another market and apply them to the calculation of the dumping margin of the exporting country.

AEGIS Europe – an alliance representing over 30 key industries that aims to promote investment in production, innovation, jobs and economic growth in Europe. He welcomes the call of French President Emmanuel Macron for the creation of solid EU trade protection mechanisms. To counter the growing trend of mass dumping of products in Europe.

European Steel Association Eurofer – discussions with aspects of common interest

On September 21, the French president met with the president of the European Parliament, Antonio Tajani. To discuss matters of common interest, including EU trade defence. In a joint press conference in Paris. Mr Macron expressed concern about „international competitors who do not respect international rules”.

„The European industry needs a coherent commercial environment and, since dumping undermines our economic viability. It is more important than ever that the EU can fight this scourge in a fast, efficient and predictable way. Once approved by the EU, the new methodology must act effectively to protect jobs. And of the European industry against dumping from countries with significant distortions. As it happens in the US approach” concluded Axel Eggert.

The European steel industry is a world leader in the field of innovation and environmental sustainability. It has a turnover of approximately 170 billion euros and directly employs 320,000 highly qualified people, producing an average of 170 million tons of steel per year. Through its steel production plants in 22 EU member states, it offers direct and indirect jobs to millions of other European citizens. Clearly integrated with the European manufacturing and construction industries, steel represents the backbone of development, growth and employment in Europe.

Article source:

http://www.eurofer.org/News%26Events/Press%20releases/Press%20Release%20%20Commission%20must%20demonstra.fhtml

http://www.aegiseurope.eu/news/press-release-european-industry-applauds-president-macron-stand-on-eu-trade-defense