Consulting

EU Plans to Crack Down on Dumping Imports

The EU Commission presented its proposal to combat dumping and government-subsidised imports on 10 April 2013. Plans are in place to modernise the system to protect against unfair trade practices of foreign companies, which has remained largely unchanged since 1995. The proposals merely require the consent of the European Parliament and Council.

 

In most cases, the EU Commission views anti-dumping and anti-subsidy duties as the only option for responding to so-called unfair trade practices. In addition to protecting manufacturers in particular against unfair practices, the new measures are also intended to provide better protection against retaliatory action. Trade Commissioner Karel De Gucht commented on the planned changes to the trade protection system: "We want to put companies in the EU in a better position for responding to unfair trade practices of foreign companies, but without harming consumers or companies that depend on imports."

In particular, the Commission plans to inform companies in advance two weeks before anti-dumping measures take effect. If there is no longer any cause to apply protective measures after five years, a reimbursement of import duties will be offered to importers. The Commission also wants to be authorised to conduct independent investigations under its own responsibility when there is a risk of retaliatory action, not only by request from industry which is currently the case.

 

GGI Logo 70x50px

GGI Geneva Group
International AG

Schaffhauserstrasse 550
P.O. Box 286
8052 Zurich
Switzerland

Contact

T: +41 44 2561818
F: +41 44 2561811
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.ggi.com