Antidumping rules ensure fair competition at international level by addressing the latest and highly damaging trade distortions
4 November 2015
Brussels | Newsletter | International Trade & Regulation | November 2015
Trade distortions resulting from artificially low raw material costs must necessarily be reflected and adjusted through the antidumping instrument. Any attempts to prevent it would leave such distortions unsanctioned with highly damaging impact to the detriment of EU growth and development.
In Europe, voices challenging the legitimacy of antidumping rules, whose purpose is to restore fair conditions of competition at international level, are becoming few and far between - even from the user sector. On the contrary, a consensus seems to be emerging, recognising that such rules are as legitimate at international level as anti-trust rules are within the European Union.
This is a welcome reaction that, over the last few years, prevented all attempts to adopt reforms that would have otherwise weakened the antidumping instruments. It is indeed illusory to believe that one might reasonably start discussing such reforms, including for example on transparency issues, without recognising the need for antidumping rules that offer prompt and effective remedies against unfair trade practices in order to protect growth and development in the EU.
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