October 4, 2017

The European Union (EU)'s agreement to use the "market distortion" principle when it investigates Chinese products for alleged anti-dumping violations is essentially the "analogue country method," which violates WTO rules and is trade protectionism, the Xinhua News Agency reported Wednesday.

The report came after representatives of the European Commission, European Parliament and European Council agreed new rules Tuesday to limit cheap Chinese imports.

According to the new rule, the EU will now treat all WTO members the same when deciding whether to impose tariffs, Reuters reported. It added that businesses will be considered to be dumping if their export prices are below their domestic prices.

Instead, the EU will make exceptions for cases of "significant market distortions", for example, excessive state intervention, a case expected to include numbers of Chinese firms, the report said.

Read more:

http://www.globaltimes.cn/content/1069046.shtml