EU Touts Success of Trade Defense Measures in 2021
The EU's trade defense measures in 2021 purportedly protected 462,000 EU jobs, the European Commission said in its annual report on the bloc's trade protection measures. Such action protected jobs in industries including aluminum, steel, ceramics and green technology, the EC said. The report said the commission ramped up its monitoring efforts to find entities that evade duties, particularly through circumvention. The commission also bolstered the assistance it gives to European exporters in addressing unfair trade protection measures imposed by third countries, the commission said.
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By the end of 2021, the EU had 163 trade restrictions in force, the majority of which were antidumping duties. The commission started 14 new investigations, 11 of them antidumping and three anti-subsidy.
"Defending European producers and workers against the damage inflicted by those who do not play by trade rules is essential," Trade Commissioner Valdis Dombrovskis said. "Ensuring fair trade is more important than ever in today's challenging global environment and when security of supply is under threat. We cannot allow dumped or subsidised imports to damage EU industry. This is why the effective enforcement and implementation of our trade defence measures remains a top priority for the European Commission."