23

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Modernising trade defence instruments

23-05-2018

Dumping and subsidising of exports by third countries are unfair trade practices that may cause injury to the importing country. World trade Organization (WTO) law allows to counter such injury by imposing specific duties known as trade defence instruments (TDIs). To ensure EU TDIs are appropriate to tackle new challenges to international trade, such as raw-material distortions in exporting countries, the Commission proposed to modernise the EU's basic Anti-Dumping (AD) and Anti-Subsidy (AS) Regulations ...

Dumping and subsidising of exports by third countries are unfair trade practices that may cause injury to the importing country. World trade Organization (WTO) law allows to counter such injury by imposing specific duties known as trade defence instruments (TDIs). To ensure EU TDIs are appropriate to tackle new challenges to international trade, such as raw-material distortions in exporting countries, the Commission proposed to modernise the EU's basic Anti-Dumping (AD) and Anti-Subsidy (AS) Regulations. Parliament is due to vote during its May II plenary session on the early second-reading agreement reached in trilogue negotiations.

Protection from dumped and subsidised imports

15-02-2018

On 9 November 2016, the European Commission published a proposal for targeted changes to the EU anti-dumping and anti-subsidy regulations. The proposal was a response to the expiry of parts of China’s WTO accession protocol in December 2016 and to unfair trade practices from third countries. At the core of the amendments of the anti-dumping regulation was the use for WTO members of prices derived from constructed values in situations where there are ‘substantial market distortions’ in the country ...

On 9 November 2016, the European Commission published a proposal for targeted changes to the EU anti-dumping and anti-subsidy regulations. The proposal was a response to the expiry of parts of China’s WTO accession protocol in December 2016 and to unfair trade practices from third countries. At the core of the amendments of the anti-dumping regulation was the use for WTO members of prices derived from constructed values in situations where there are ‘substantial market distortions’ in the country of export under investigation. This approach replaces the ‘analogue country methodology’ which was previously applied to non-market economies (NMEs) under EU law and remains in place for non-WTO members. The amendments to the anti-subsidy regulation insert due process and transparency provisions required to capture subsidies identified only in the course of anti-subsidy probes. Fourth edition. The ‘EU Legislation in Progress’ briefings are updated at key stages throughout the legislative procedure.

Outlook for the meetings of EU leaders on 14-15 December 2017

12-12-2017

On 14 and 15 December 2017, EU leaders will convene in four different settings with varying compositions and levels of formality: a regular summit of the European Council, a Leaders’ meeting on migration, a European Council (Article 50) meeting, and an enlarged Euro Summit. The agenda of the formal European Council concentrates on defence, social policy, and education and culture, whilst the informal Leaders’ meeting will focus exclusively on migration, and notably on the reform of the Common European ...

On 14 and 15 December 2017, EU leaders will convene in four different settings with varying compositions and levels of formality: a regular summit of the European Council, a Leaders’ meeting on migration, a European Council (Article 50) meeting, and an enlarged Euro Summit. The agenda of the formal European Council concentrates on defence, social policy, and education and culture, whilst the informal Leaders’ meeting will focus exclusively on migration, and notably on the reform of the Common European Asylum System. At the European Council (Article 50) meeting, EU leaders will consider the Commission's recommendation that ‘sufficient progress’ has been made in the negotiations with the United Kingdom, and decide whether to move to the next phase. The enlarged Euro Summit will discuss further developments in the euro area, the banking union and the gradual completion of Economic and Monetary Union (EMU).

Plenary round-up – Strasbourg, November I 2017

17-11-2017

The key focal points of the November I plenary session included debates on the rule of law in Malta and Poland and on the 'Paradise papers' revelations. Members adopted, inter alia, their positions ahead of the 11th WTO Ministerial Conference and the Eastern Partnership Summit. They also adopted resolutions on the new EU-Africa strategy and on the Ombudsman's activities in 2016. Parliament heard a formal address from Andrej Kiska, President of Slovakia, and finally, the 2017 LUX Prize was awarded ...

The key focal points of the November I plenary session included debates on the rule of law in Malta and Poland and on the 'Paradise papers' revelations. Members adopted, inter alia, their positions ahead of the 11th WTO Ministerial Conference and the Eastern Partnership Summit. They also adopted resolutions on the new EU-Africa strategy and on the Ombudsman's activities in 2016. Parliament heard a formal address from Andrej Kiska, President of Slovakia, and finally, the 2017 LUX Prize was awarded at a ceremony held on Wednesday.

Protection from dumped and subsidised imports

08-11-2017

Dumping and subsidising of exports by third countries are unfair trade practices, which may cause injury to the importing country. WTO law allows countering such injury by introducing specific duties called trade defence instruments (TDI). To enable EU TDIs to address current circumstances, notably overcapacity, in the international trading environment, the European Commission has proposed to amend the Anti-Dumping (AD) Regulation and Anti-Subsidy (AS) Regulation. The European Parliament is due to ...

Dumping and subsidising of exports by third countries are unfair trade practices, which may cause injury to the importing country. WTO law allows countering such injury by introducing specific duties called trade defence instruments (TDI). To enable EU TDIs to address current circumstances, notably overcapacity, in the international trading environment, the European Commission has proposed to amend the Anti-Dumping (AD) Regulation and Anti-Subsidy (AS) Regulation. The European Parliament is due to vote on the provisional agreement reached in trilogue during its November plenary session.

Transformation of China and global economic interdependence

26-04-2017

China is a natural strategic partner for the EU, despite fundamental divergences in some areas, mostly related to state intervention, both in economic and social affairs. Due to growing tensions and geopolitical unpredictability, there is a window of opportunity to develop closer ties between the EU and China. The partnership offers mutually beneficial opportunities, such as comprehensive agreements on investment and on the protection of geographical indications; aviation and maritime cooperation ...

China is a natural strategic partner for the EU, despite fundamental divergences in some areas, mostly related to state intervention, both in economic and social affairs. Due to growing tensions and geopolitical unpredictability, there is a window of opportunity to develop closer ties between the EU and China. The partnership offers mutually beneficial opportunities, such as comprehensive agreements on investment and on the protection of geographical indications; aviation and maritime cooperation; and dialogues on human rights and legal affairs. China is navigating a crucial but complex transformation towards more sustainable growth by rebalancing from investment to consumption and from manufacturing to services. Overall, this transition is expected to benefit both China and the world as a whole. Due to economic interdependence, it is also likely to produce certain spill-over effects that will vary by country and by region. Global integration is fundamental for all economies and no one has an interest in a trade war or protectionism. Maintaining public ownership as the mainstay of the Chinese economy is not sustainable. Reforms are needed to tackle the root causes of overcapacity in various industrial sectors and the role of state owned enterprises. Domestic concerns, such as lifting millions of people out of poverty and reducing ever-growing income inequalities as well as endemic corruption, need to be addressed. China now plays a crucial role in global governance, the rules-based international order and meeting commitments made in the G20 framework — achieving 'major country' status comes with responsibilities. Beijing has demonstrated some movement in shifting away from the pursuit of narrow national aims towards a more active foreign and security policy and increased global financial, economic and peace cooperation. At the same time, China has been increasingly assertive in its Asian neighbourhood and it has called for restraint from all sides to prevent rapidly escalating tensions on the Korean peninsula from turning into a disastrous conflict.

Outcome of European Council meeting of 9 March 2017 and of informal meeting of the EU27 of 10 March 2017

14-03-2017

After re-electing Donald Tusk as its President, the European Council meeting of 9 March 2017 discussed the economic situation in Europe, progress on measures regarding migration, internal and external security, and external relations. In his first speech to the European Council, the recently- elected President of the European Parliament, Antonio Tajani, outlined his approach to appearing before European Council meetings, he will present the positions of the European Parliament, including minority ...

After re-electing Donald Tusk as its President, the European Council meeting of 9 March 2017 discussed the economic situation in Europe, progress on measures regarding migration, internal and external security, and external relations. In his first speech to the European Council, the recently- elected President of the European Parliament, Antonio Tajani, outlined his approach to appearing before European Council meetings, he will present the positions of the European Parliament, including minority views. He stressed his commitment to ‘fair and constructive cooperation’ between the two institutions, stating that ‘Parliament will be part of the solution, not part of the problem’. In the end, the meeting produced ‘Conclusions by the President of the European Council supported by 27 Member States, ’ due to a lack of consensus ‘for reasons unrelated to its [i.e. the documents] substance’. At the informal meeting of the 27 Heads of State or Government without the UK (EU27), held the following day, leaders discussed the procedural and content-related aspects of the forthcoming celebrations of the 60th anniversary of the Rome Treaties and the expected ‘Rome Declaration’.

Outlook for the 9 March 2017 European Council, and the Informal meeting of the 27 Heads of State or Government on 10 March 2017

10-03-2017

At their 9-10 March 2017 meeting, EU leaders will focus on the economic situation in Europe, including the economic and social priorities of the 2017 European Semester, trade policy and delivery of the different single market strategies. The European Council will also discuss migration, security and defence, and external relations and will (re-)elect its President. Following the European Council, the 27 Heads of State or Government – without the United Kingdom – will meet informally on 10 March 2017 ...

At their 9-10 March 2017 meeting, EU leaders will focus on the economic situation in Europe, including the economic and social priorities of the 2017 European Semester, trade policy and delivery of the different single market strategies. The European Council will also discuss migration, security and defence, and external relations and will (re-)elect its President. Following the European Council, the 27 Heads of State or Government – without the United Kingdom – will meet informally on 10 March 2017 to continue their discussions on the future of Europe and prepare the upcoming 60th anniversary of the Rome Treaties. The recently elected President of the European Parliament, Antonio Tajani, will address the European Council for the first time.

Revision of the calculation methodology of dumping

28-02-2017

The IA appears to provide a well-researched explanation of the evidence base for the legislative proposal; it clearly explains the scale of the problem, illustrated by facts and figures giving a clear view of the international situation. However, a better, more coherent organisation of the data related to the problem definition, and a broader range of options, would have strengthened the IA. Option 3 is the only viable one to address all the objectives, although – as also indicated by stakeholders ...

The IA appears to provide a well-researched explanation of the evidence base for the legislative proposal; it clearly explains the scale of the problem, illustrated by facts and figures giving a clear view of the international situation. However, a better, more coherent organisation of the data related to the problem definition, and a broader range of options, would have strengthened the IA. Option 3 is the only viable one to address all the objectives, although – as also indicated by stakeholders – its elements are only vaguely presented. The IA would have been more persuasive had it been clearer about the modification of the standard methodology. In particular, it would have benefited from a better explanation as to how it would work in practice, in order to allow the EU to continue to disregard domestic costs and prices of China and other NME countries, as this appears to be the most crucial element of the preferred option. The IA does not look at the impact on the economic performance of the EU sectors concerned, and remains unclear as to how EU SMEs would be affected. The stakeholder consultation covered a broad range of stakeholders and the collected views are presented systematically throughout the IA. However, it seems that stakeholders were not given the opportunity to comment in detail on the preferred option 3. The consultation seems to have happened at an early stage in the drafting process of the IA, which could explain the vague questions asked and the shortened period of consultation of 10 weeks instead of 12.

China's WTO accession: 15 years on - Taking, shaking or shaping WTO rules?

01-12-2016

11 December 2016 marks the 15th anniversary of China's accession to the World Trade Organization (WTO). In 2001, after arduous negotiations with key WTO members, China agreed not only to extensive market access commitments but also to substantial non-reciprocal rules obligations. This was unprecedented in WTO history. Most WTO disputes involving China, notably in the field of trade remedies, have been linked to these tailor-made rules for China. China has exhibited timely and qualitatively sound ...

11 December 2016 marks the 15th anniversary of China's accession to the World Trade Organization (WTO). In 2001, after arduous negotiations with key WTO members, China agreed not only to extensive market access commitments but also to substantial non-reciprocal rules obligations. This was unprecedented in WTO history. Most WTO disputes involving China, notably in the field of trade remedies, have been linked to these tailor-made rules for China. China has exhibited timely and qualitatively sound compliance with WTO rulings. But its narrow letter of the law compliance has at times been found not to reflect the spirit of the legal provisions at issue, with WTO-inconsistent regulations having remained in place or re-emerged. In the Doha Development Round of WTO multilateral negotiations China has so far taken a backseat rather than a leadership role. Domestic resistance to reform in sensitive areas on economic and ideological grounds has been a crucial factor in China's absence from the WTO Agreement on Government Procurement. Past US opposition has been key for its non-participation in the Trade in Services Agreement. Uncertainties about ratification by the US Congress of the US-led Trans-Pacific Partnership and future US trade policy under President Donald Trump may reverse the past trend of China's marginalisation from shaping global rules outside the WTO. At the same time this may lower China's ambition to shift gradually from rather shallow to EU-style 'deep and comprehensive' free trade agreements (FTAs) and may induce it to promote its own rules more assertively by leveraging its economic weight in predominantly bilateral relations under its One Belt, One Road (OBOR) initiative.

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