Five EU countries urge European Commission to adopt tougher trade measures against China — Politico

Five EU countries urge European Commission to adopt tougher trade measures against China — Politico

Photo: depositphotos

A group of five EU countries led by France is urging Brussels to make broader use of tariffs and other protective trade measures to counter what they describe as unfair trade practices by China and other countries, according to Politico.

France, Italy, Spain, the Netherlands, and Lithuania submitted a joint non-paper to the European Commission and other EU member states on May 22, calling for more frequent investigations into unfair trade practices and proposing the creation of new trade defense tools.

The initiative comes as the European Commission works on what officials describe as a “more assertive and effective trade defense policy” aimed largely at responding to economic pressure from Beijing. Brussels is expected to hold an internal strategic discussion next week on the competitive threat posed by China.

Although China is not explicitly named in the document, the text clearly alludes to Beijing, stating that “some of the European Union’s major trading partners are undermining the multilateral system by creating new trade barriers or fostering systemic and structural overcapacity.”

The five countries — representing all of the EU’s largest economies except Germany — called on the Commission to more actively launch trade defense investigations when entire industrial sectors are affected by market distortions. They also urged the EU to bring more trade disputes before the World Trade Organization and allocate additional staff to investigative bodies.

The document further proposes adding “economic security” as a criterion when deciding whether to initiate trade defense investigations that could lead to tariffs or other restrictions.

“Such an approach would help preserve the Union’s remaining production capacities in strategic sectors and value chains, thereby protecting the industrial base,” the paper states.

Other proposals include technical amendments to existing legislation to prevent foreign companies from circumventing EU trade investigations, as well as allowing the European Commission to impose anti-subsidy duties directly on companies rather than only on countries or products.

The group also proposed creating a new “resilience instrument” — a cross-sector trade defense mechanism that could be used in cases where current tools are ineffective — as well as introducing additional tariffs or tariff quotas to protect European producers.

Last week, French President Emmanuel Macron called on the EU to follow the United States’ example in protecting strategic industries through stronger trade measures.

The debate comes amid growing concern in Europe over China’s new 15-year industrial strategy unveiled in March, which focuses heavily on advanced manufacturing sectors such as electric vehicles, pharmaceuticals, and robotics — areas where European companies fear intensifying competition.

banner

SHARE NEWS

link

Complain

like0
dislike0

Comments

0

Similar news

Similar news

Photo: depositphotos American consumers and businesses already facing elevated prices could come under further pressure as trade tensions between the United States and Canada escalate, the New York

Photo: depositphotos The National Bank of Ukraine (NBU) has determined that Mykola Hladyshchenko, chairman of the supervisory board of state-owned Sense Bank, does not meet the regulator’s requireme

Photo: youtube/Новини.LIVE Ukraine cannot directly compensate businesses for losses caused by Russian attacks because the state lacks the necessary financial resources, Verkhovna Rada Finance Commit

Photo: Getty Images Oil prices rose for a fourth consecutive day as conflicting statements from the United States and Iran fueled uncertainty over whether the Strait of Hormuz is open to shipping, R

Photo: depositphotos Poland’s average gross salary rose to nearly PLN 10,000 at the beginning of this year, equivalent to more than UAH 120,000 at the August 17 exchange rate. However, most workers

Photo: depositphotos Ukraine’s National Bank has eased restrictions on access to funds held in Ukrainian bank accounts and their use abroad. Starting August 11, Ukrainians can spend up to UAH 200,

Photo: 24 ОМБр імені короля Данила/Facebook President Donald Trump said Thursday that the United States would impose tariffs on imported drones and drone components, including products from some key

Photo: Getty Images Ukraine is considering transporting grain by rail through Moldova to Romania’s port of Constanta as Russian attacks on Ukrainian ports and the Black Sea shipping corridor increas