The European Commission highlighted the defence "against unfair trading practices" in a document release this Wednesday to defend the sector in the area.
EU remembered that is already imposing a record number of measures to offset the detrimental effect of dumping, with 37 anti-dumping and anti-subsidy measures in place on steel products (16 of which on steel imports from China).
In the document, EU said that the Commission will further accelerate the adoption of anti-dumping measures and stands ready to make additional proposals to speed up the overall procedure and improve the efficiency of the current system.
"It is high time to back up rhetoric with action: a swift adoption by the co-legislators of the Commission proposal from 2013 to modernise trade defence instruments is crucial to streamline procedures and increase their speed and effectiveness. Notably the removal of the so-called lesser duty rule in certain circumstances would allow imposing higher anti-dumping duties" said EU.
The Commission will also propose a prior surveillance system on steel products. Prior surveillance measures are part of the EU’s existing safeguard instrument and can be introduced when import trends threaten to cause injury to European Union producers.
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