EU
#ALDE welcomes modernized anti-dumping rules 'to ensure highest trade standards'
On 15 November, members of the European Parliament adopted new rules to counter unfair trade practices. The new legislation introduces a new methodology for calculating dumping margins for imports from third countries in case of significant market distortions or a pervasive state influence on the economy. It therefore contributes to a better protection of the EU’s economy while ensuring that EU companies face no additional burden.Marietje Schaake, ALDE spokesperson on trade, welcomed the vote: “The agreement on a new anti-dumping methodology will ensure that our trade defence instruments are modernized, which is vital. We need a new methodology to assess trade distortions in third countries that will stand before a WTO court. If we want others to play by the rules, we must lead by example. But the EU’s trade defence instruments remain a ongoing task and will require broader updates.
“Basing our trade on values enables us to set the highest possible global standards. I therefore also welcome the fact that the EU will be the first international actor to take into account labour and environmental standards when looking at systematic trade distortions.”
The new rules are expected to enter into force before the end of this year. The legislation ensures a transition period during which all anti-dumping measures currently in place as well as ongoing investigations will remain subject to the existing legislation.
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