EU to Review AD/CV Duties, Safeguards
The European Commission said Oct. 28 that it plans to launch the first review of the European Union’s trade defense instruments – antidumping duties, countervailing duties and safeguards – since 1995. Comment will be sought from all stakeholders, including producers, importers, exporters, business organizations, EU member countries, the European Parliament and independent experts on trade defense. A study commissioned by the EU Directorate-General Trade and due to be completed by January 2012 will also be considered, as will any major developments in the global trade agenda, especially any advancement in the Doha Round. The Commission aims to deliver its reform proposal in about one year.
A Commission press release notes that the EU is a moderate user of these instruments in relation to its trade volume and other trading partners. The EU had 124 AD duty measures and 11 CV duty measures in force at the end of 2010, compared to the U.S. with 250 and 48, Turkey with 121 and one, China with 118 and two, and Argentina with 91 and one. The EU initiated 15 new AD investigations and three new CV investigations in 2010, and 11 AD and three CV investigations are ongoing.