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50 new news items in the last 24 hours
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  2. Economy
Monday 18:37

France, Italy, Spain, the Netherlands, and Lithuania are requesting more frequent investigations by Brussels into unfair trading practices. The document has been sent to the European Commission.

Raluca Ioana Draghici
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According to an unofficial document consulted by POLITICO, France, Italy, Spain, the Netherlands, and Lithuania are urging the European Union to adopt tougher measures against unfair trading practices.


The document, sent to the European Commission and other member states on Friday, proposes the creation of more defensive trade instruments and more frequent initiation of investigations into violations of trade rules. Although China is not explicitly mentioned, references to it are evident through wording that indicates violations of the multilateral framework by certain trading partners. The five countries also request that the community bloc be more proactive in reporting these violations to the World Trade Organization. Other proposals include legislative changes to prevent foreign companies from evading trade investigations and the direct application of anti-subsidy duties.


The European Commission will hold a debate on May 29 regarding the EU's long-term strategy in relation to Beijing.

Sources

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Mediafax
POLITICO: Cinci țări din UE cer Bruxelles-ului să adopte măsuri mai dure pentru a contracara practicile comerciale ale Chinei
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Politico Europe
Five EU countries call for tougher trade weapons to tackle China
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Antena3
Cinci state UE cer blocului să-și „arate forța” în fața Chinei și să răspundă dur la practicile sale comerciale abuzive
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Digi24
Cinci ţări din UE cer măsuri comerciale mai dure împotriva Chinei. Bruxellesul, presat să reacţioneze

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