EUROFER: EC must demonstrate workability of implementation of new ‘non-standard’ AD methodology

Wednesday, 04 October 2017 16:39:36 (GMT+3)   |   Istanbul
       

Regarding the agreement reached today, October 4, between the EU institutions on the new ‘non-standard’ antidumping (AD) methodology, Axel Eggert, director general of the European Steel Association (EUROFER), has stated that this agreement is important to ensure that European businesses are shielded sufficiently from dumping from countries that significantly distort markets, and added that EUROFER expects the European Commission (EC) to now demonstrate the workability and predictability of the implementation of this new methodology.

According to EUROFER, the creation of a new way of calculating dumping from countries with significant distortions arose from the EU’s move away from having a specific list of ‘non-market’ economies for which a ‘non-standard’ methodology automatically applied. The use of such a methodology means that the EU can take undistorted costs - for example, of raw materials and energy - from another market and apply them in the calculation of the dumping margin of the exporting country.

“European industry needs a coherent trading environment, and, as dumping undermines our economic viability, it is more important than ever that the EU can combat this scourge in a quick, effective and predictable way. Once the new methodology has been agreed by the EU, it must actually work in defending European jobs and industry against dumping from countries with significant distortions - as the US’ approach does. Meanwhile, EU policy makers must reach agreement at their forthcoming meeting on Europe’s trade defense instruments (TDIs) modernization file in order for the EU to have a complete trade defense package put forward to the European Parliament and the Council”, concluded Mr. Eggert.


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