(28 March 2019) – The EU shields 320,000 direct jobs across Europe from unfair foreign competition through its trade defence measures, according to a report out today.
According to today’s report, between November 2014 and December 2018, the European Commission has imposed 95 trade defence measures. At the end of 2018, the EU had 93 definitive anti-dumping measures and 12 anti-subsidy measures in place.
Almost 44% of them were measures applying to imported steel products. Of all the measures in force, over two-thirds (68%) concern products imported from China.
EU trade defence measures provide welcome relief to European companies. In some cases, the duties resulted in a decrease of unfairly priced imports of up to 99%.
At the same time, the duties are set at a level that is sufficient to restore competitive conditions on the EU market, without overburdening EU consumer and industries that rely on imports.