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EU acts to improve reciprocal access to international procurement
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The European Commission, the European Parliament and the Council have reached a political agreement to give the EU greater leverage to get access to public procurement markets outside the EU, boosting opportunities for EU companies. The agreement on the International Procurement Instrument (IPI) follows the final trilogue in Brussels on Monday, 14 March.
The EU public procurement market is one of the largest and most accessible in the world. However, many of the EU's major trading partners apply restrictive practices in their markets that discriminate against EU businesses.
Executive Vice-President and Commissioner for Trade Valdis Dombrovskis said: “A level playing field is vital for the competitiveness of our companies."
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EU counters steel subsidies resulting from export restrictions on raw materials and transnational subsidies from China
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The EU imposed anti-subsidy duties on imports of stainless steel cold-rolled flat products originating in Indonesia and also India. With Indonesia at the forefront, the EU is countering the highly trade-distorting export restrictions on key raw materials — linked also to Chinese financing. Without this remedial action, the EU's ability to produce stainless steel cold-rolled flat products essential for construction, energy equipment, infrastructure, consumer goods, and vehicles would be in jeopardy.
"Subsidies involving export restrictions are among the most distortive because they massively bring down the cost of raw materials in the exporting country—and directly undermine fair competition with EU companies" said Valdis Dombrovskis, Commission Executive Vice-President responsible for trade.
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EU takes action on dumped imports of aluminum household foil from China
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The European Commission extended for five years the anti-dumping duties in force on imports of aluminium household foil from China. This extension follows an investigation which showed that dumping by Chinese exporters continues despite the measures in place and if these measures were to be removed, it would cause injury to the Union industry The anti-dumping duties will remain at their current level of between 6.4% and 30%.
Chinese exporters have previously tried to circumvent existing EU duties by modifying the product slightly or by shipping it via Thailand
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EU adjusts steel safeguard quotas following import bans
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The EU has adjusted the import quotas included in the EU’s steel safeguard. Following the introduction of import bans on steel from Belarus and Russia, quotas previously assigned to these two countries will be reallocated to other exporting countries on a proportional basis. The changed quotas will apply as of the start of the new quarter of the safeguard, which is on 1 April 2022. They will help to avoid a shortage in steel supply in the EU.
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