Council members will not only try to reach an agreement to sign CETA at a pencilled in EU Canada summit next week. They will also discuss EU plans to overhaul its antidumping legislation ahead of a planned move to grant China market economy treatment. And the steel industry is watching …
China
Brexit: UK-China FTA could threaten German, Slovakian car industry – study
A new study by the think tank Bruegel believes that, should the UK sign a free trade agreement with China, its car industry could gain a significant advantage over its EU based competitors – especially in Germany and Slovakia. The more so if the UK stays in the single market after …
INTA Chair Lange worries China MES deadline will be missed
In a letter to Commissioner Malmström, the head of the European Parliament’s trade committee expressed concerns the EU was running late in tabling legislative proposals to ensure it in compliance with its WTO obligations ahead of a December 2016 deadline to grant China market economy treatment in its antidumping legislation. …
Bratislava trade meeting: no major decision expected on dumping and China MES
The key priority of trade ministers gathering at Bratislava on Friday (23 September) will be to garner sufficient support from member states to authorise the signature of CETA next month at a bilateral EU-Canada summit.
Jean-Claude Juncker presses for CETA
Commission president Juncker called on the EU to ratify CETA, the trade agreement with Canada concluded in February, and urged member states to accept reforms to the EU’s antidumping laws. “One billion more worth of exports creates fourteen thousand extra jobs in Europe”, Juncker said. “This is in …
EU presidents outline trade wish list for G20 summit as protectionism worries shift to investment
Council president Donald Tusk and Commission president Jean-Claude Juncker have set out the European Union’s priorities for the coming G20 summit in Hangzhou, China (4&5 September). The summit will deal with a wide array of economic topics, from tax to finance to climate issues, but also trade policy. The G20 summit gathers against …
Commission antidumping overhaul plans stirs mixed feelings
On Wednesday, the Commission announced it would no longer single out China in its antidumping duties ahead of a December 2016, deadline that it believes obliges it to drop it from the list of ‘non market economies’ that allow it to use a non WTO compliant methodology in calculating antidumping …
Post Brexit: UK’s Hammond courting China
The UK’s new Chancellor of the Exchequer Philipp Hammond is in Beijing to pitch the UK as an attractive investment destination post Brexit. Ahead of his trip Philip Hammond stated: “We have built a strong economic relationship with China and as Chinese investments into the UK continue to diversify and …
China MES: EU trade defence law to move “closer to American model”
Instead of risking not being in compliance with WTO rules by refusing to grant China market economy treatment in EU antidumping law, the Commission is seeking to overhaul its trade defence policy more broadly, and move it “closer to the American model of trade defence”, Commission Vice President Jyrki Katainen …
In brief: EU launches new case against China raw material export restrictions
Brussels is following Washington on this one. Today, the EU notified the WTO Secretariat of a request for consultations with China over duties and other measures concerning the exportation of certain raw materials. This request follows on a similar one filed by Washington last week (13 July 2016). The move follows …
