Ahead of the European Parliament’s International Trade Committee’s (INTA) voting today, June 20, on the report on the new antidumping (AD) methodology of the European Commission, the European Steel Association (EUROFER) has called on the members of the parliament (MEPs) to support the INTA report, which aims to ensure that the commission’s antidumping measures under the new ‘non-standard’ methodology remain effective. The new methodology targets countries where there are ‘substantial market distortions’, regardless of whether they have been granted market-economy status or not.
EUROFER director general Axel Eggert stated that the European Commission’s proposal was based on the concept of ‘significant distortions’. However, the scope was incomplete and the procedure unclear and it is crucial to ensure legal certainty and provide clear processes, avoiding additional burdens on the EU industry injured by dumping, Mr. Eggert added.
According to EUROFER, the draft INTA report better defines what ‘significant distortions’ actually are and strengthens and solidifies the process for the deployment of this new antidumping methodology. This new methodology allows the European Commission to use external, undistorted prices and costs for every factor of production.