The European Commission will introduce drastic measures to reduce oil imports from China, thus protecting European producers.
Raluca Ioana Draghici
Economy
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The European Commission will present measures aimed at significantly reducing olive imports to protect European producers from Chinese competition. These measures include reducing import quotas and doubling tariffs on imports that exceed them. Chinese competition has led to a decrease in the profitability of European producers, and the sector is facing threats of layoffs and closures of olive farms. The Commission emphasizes the importance of protecting a strategic industry for the European economy.
Sources
Plan pentru protecția producătorilor europeni de oțel în față concurenței din China
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