EU protectionism, then the Chinese anti-dumping duties imposed wire – wire anti-
HC Valve Network: 27 EU Member States a formal decision on imports of wire rod from China, collected up to 24% of the formal anti-dumping duty for a period of 5 years. This is just the European Union against China in recent Steel Products such as offensive launched one of the many trade protectionism. With the EU economy due
Financial Crisis-hit into a severe recession, an undercurrent of protectionism within the EU are surging, while China has become the biggest victims. In this regard, EU economic and trade experts pointed out that the EU and China are each other's most important trading partner, in times of crisis need to live together to resist the temptation of protectionism, to overcome difficulties.
European Commission Trade Directorate-General to the latest data showed the first half of this year, the European Union although only launched two new anti-dumping investigations, compared with previous years, the number is not much, but the two surveys are targeted at China, respectively, for cargo scanning systems and molybdenum wire.
The same period, the EU also made in China's wire, aluminum foil, and seamless steel pipe imports made three types of anti-dumping preliminary ruling, decided to impose provisional anti-dumping duties, and in the first half to take the three formal anti-dumping measures are directed at China, respectively involved in iron and steel fasteners, steel strand and candles, in particular the case of the candle just in early April of the 20 Group of London shortly after the summit.
Although the EU countries, including the world's major economies, including financial summit in London in a solemn commitment to oppose all forms of protectionism, but after one week after the EU passed this fact committed to throw the back of the head, causing the import business and the EU strong dissatisfaction of consumers. World Bank President Robert Zoellick
this approach to the EU summit in London, after a tie for the clear violation of the global commitment to resort to trade protectionism, the four "typical" one example.
British Retail Consortium spokesman Alisdair. Gray commented, voted in favor of the Chinese anti-dumping duty equal to the candle is to cast a vote of protectionism, this low of a few European manufacturers, but at the expense of the interests of large retailers.
He said that the EU is also China's energy-saving light bulbs previously, shoes and screws to take the anti-dumping measures, which are greatly inflated retail prices, is tantamount to punishment of EU consumers.
Recent years, the EU has been the most enthusiastic in implementing anti-dumping and countervailing duty trade remedies such as the economy, and frequently directed at China. On June 30 this year, implementation of the EU total of 129 formal anti-dumping measures and countervailing measures 7, involving China, more than 2 / 3.
, Particularly alarming is that, since the second half of 2007, a Chinese iron and steel products for the anti-dumping campaign gradually. In accordance with EU procedures, the relevant decision is just thrown out one after another in the near future.
Struggling to protect their own market, the European Union last month, together with the United States, to resort to WTO dispute settlement mechanism, trying to force China to cancel based on Environmental protection Reason to restrict the export of raw materials, competition for overseas resources, so that their businesses were relatively cheap supply of raw materials. Between one in an outside the EU will put its own interests in the first place.
In fact, the financial crisis, some member states within the EU because the interests of other countries and set the expense of EU rules, to take protective practices wrangling.
Long been engaged in the study of China-Free University of Brussels, a senior fellow at the Institute of Contemporary China, Duncan. Freeman believes that the current economic crisis, tend to develop unhealthy trend of protectionism in the EU, because the economic situation worsened, a number of troubled companies and the industry did raise his voice, in order to maintain the employment pressure on the government sought to protect the grounds.
"However, protectionism will not help either. Trade to China and the EU have benefited. In the current severe economic difficulties, both sides should take the most important step is to make sure not to close the market," Freeman said.
China and the EU to promote trade and investment through the expansion of the common through the current economic difficulties, the Chinese government this year has been to Europe four times and organize enterprises to carry out exchange of trade and investment negotiations, EU companies have all been opened up vast business opportunities.
Freeman commented that this is put to the EU as an important gesture. Given the current economic crisis, as two important trade partners, China and the EU should join hands to survive.
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