New anti-dumping rules in the EU
The EU needed new regulations on determining the price of imported goods
- December 23, 2017 10:30
- Monika Dimitrova
New anti-dumping rules will protect European Union producers from importing cheap goods from countries such as China. The aim is to terminate the illegal undercutting of European prices. For this purpose, Brussels decided to impose anti-dumping duties on various Chinese products.
If the European Commission finds "significant market distortion" between the prices at which the imported product is sold and its manufacturing cost, it can decide which import price would be fair. The new anti-dumping measures come a year after the expiration of the World Trade Organization's rules on China.
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