EU Considers Rolling Back Tariffs on Ukrainian Grain Imports
Amidst growing pressure from farmers and member states, the European Union is poised to reverse tariffs on grain imports from Russia and Belarus
HOT: » Assessing the Legacy of Bulgaria's "Denkov" Cabinet: Achievements, Failures, and What Comes Next
China will be singled out for special attention under new trade rules to limit excessively cheap imports into the European Union, a European Commission official said on Thursday.
The Commission, member states and EU lawmakers agreed on Tuesday to treat all World Trade Organization members the same in determining whether they are dumping products.
Under normal circumstances, dumping will mean selling below domestic prices, but the EU will make exceptions for cases of “significant market distortions”, allowing investigators to compare export prices with international benchmarks.
“China will come out first,” said a Commission official who requested not to be named.
“It is resource-intensive,” the official continued, adding that the absence of a report on a given country did not mean EU producers could not point to distortions there.
The official did not rule out reports on other countries in the future.
EU officials have regularly said that, despite the changes for anti-dumping cases, China is not a market economy.
Of 32 trade investigations the Commission is carrying out, 22 feature Chinese imports.
The European Union and many of China’s other trading partners have debated whether to treat China as a “market economy”, which Beijing says was its right at the end of 2016, some 15 years after it joined the WTO.
The EU kicked off discussions early in 2016 and held public consultations, gathering over 5,000 opinions on how to handle trade complaints against China.
But critics have said that Chinese businesses are subject to excessive state intervention with artificially low domestic prices, threatening to expose European markets to more dumping.
EU steelmakers association Eurofer, which has brought a series of trade complaints against Chinese imports, said the new EU agreement was important, but that it wanted to see how it worked in practice.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Belgian Presidency of the EU is spearheading efforts to fully integrate Bulgaria and Romania into the Schengen area
In February 2024, the euro area witnessed a decline in its annual inflation rate, dropping to 2.6% from January's 2.8%
According to Eurostat's latest publication, in the fourth quarter of 2023, the euro area witnessed a job vacancy rate of 2.7%, marking a decline from 2.9% in the preceding quarter and 3.1% in the same period of 2022
The most recent data from Eurostat, released on Thursday, indicates that in 2022, life expectancy at birth within the European Union is on an upward trajectory compared to the years preceding the pandemic
In a move underscoring its commitment to upholding European Union regulations, the European Commission has intensified its scrutiny of Bulgaria, pressing the nation on various fronts ranging from counterterrorism measures to environmental protectionр BTA
Anticipation mounts as Vice-President of the European Commission, Margaritis Schinas, hints at an imminent decision regarding Bulgaria and Romania's potential accession to the Schengen Area via land routes
Norwegian Inspiration: Bulgaria's Move Towards Environmentally Friendly Prisons
Nexo Is Suing Bulgaria For Over $3 Billion