EC outlines plan to toughen up anti-dumping regulations

The European Commission (EC) is to introduce tougher regulations to combat under-priced steel imports from state-backed or state-owned organisations.

The EC will outline a “new anti-dumping methodology to capture market distortions linked to state intervention in third countries that mask the true extent of dumping practices,” it said on Wednesday October 19. For countries exporting to the EU, the new methodology will consider influence of the state, the widespread presence of state-owned enterprises, discrimination in favour of domestic companies, and the independence of the financial sector. The proposed methodology will “will involve the removal of the list of non-market economy countries” and “can be applied equally to all members of the World Trade Organisation (WTO)”, the EC said. The proposal...

Published

Viral Shah

October 19, 2016

21:33 GMT

London