The EU imposed provisional anti-dumping duties on steel and iron products from China
On 14 November, the EU decided to impose provisional anti-dumping duties on seamless pipes and tubes of iron and steel from China. The Commission's investigations confirmed that the Chinese products had been sold in Europe at heavily dumped prices. To provide EU companies with necessary breathing space, the Commission imposed duties ranging between 43.5% and 81.1%. This should prevent damage to the European companies involved in the production of the steel tubes and pipes. The Commission will decide within the coming six months whether these measures would become definitive and apply for a period of five years. The EU currently has an unprecedented number of trade defence measures in place targeting unfair exports of steel products from third countries, with a total of 40 anti-dumping and anti-subsidy measures, 18 of which on products originating from China. 14 more investigations concerning steel products are still ongoing, including three cases for which duties are being provisionally applied.
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Commission proposes a European Travel Information and Authorisation System
On 16 November, the Commission proposed to establish a European Travel Information and Authorisation System (ETIAS) to strengthen security checks on visa-free travellers. The ETIAS will gather information on all those travelling visa-free to the European Union to allow for advanced checks on irregular migration and security. This will contribute to a more efficient management of the EU's external borders and improve internal security, whilst at the same time facilitating legal travel across Schengen borders.
Commissioners Dimitris Avramopoulos and Julian King attended the Justice and Home Affairs Council meeting in Brussels today (18 November). Home Affairs Ministers exchanged views on this proposal. Topics of discussion also included progress made on enhancing information exchange and improving interoperability, the future of the Schengen Information System and measures taken in the fight against terrorism. Furthermore, Ministers exchanged views on the implementation of the EU Passenger Name Record (PNR) Directive and future steps for the EU Internet Forum.
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Working for a stronger and more inclusive economic recovery
On 16 November, the Commission set out its views on the EU's economic and social priorities for the year ahead, confirmed the need to move towards a more positive fiscal stance for the euro area, and completed assessment of euro area member states' draft budgetary plans. The announcement started the 2017 cycle of economic governance, the so-called European Semester.
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EU budget deal focuses on strengthening economy and responding to the refugee crisis
On 17 November, the EU institutions reached an agreement on the 2017 EU budget. In 2017 the EU will focus on making Europe more competitive and more secure. Likewise, more money will be dedicated to the reception and integration of refugees and towards addressing the root causes of migration in the countries of origin and transit.
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What next for Europe's banking system?
On 15 November, European Commission Vice-President responsible for Financial Services and Capital Markets Union, Valdis Dombrovskis spoke at an event organised by Bruegel, a European think-thank on economics, on the future of the EU banking system. He set out his vision for a stable, sustainable diverse and integrated EU banking sector. He also explained the main features of the proposals to revise the Capital Requirements Regulation and Directive, including incorporating internationally-agreed standards into EU legislation. He emphasised that "a strong banking sector in Europe is a diverse banking sector." He also reaffirmed the need to complete the Banking Union and to tackle the issue of non-performing loans (NPLs).
Full speech
All this week's key European Commission announcements can be found here
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