trending Market Intelligence /marketintelligence/en/news-insights/trending/fAHDFh6oTBu4yOz76rD1OA2 content esgSubNav
In This List

Report: EU set to ease tariff rules on low-cost imports from China

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Report: EU set to ease tariff rules on low-cost imports from China

European Union governments are set to approve Dec. 4 a major change in the bloc's method for calculating duties aimed at countering below-cost or "dumped" imports, Bloomberg News reported.

The revamp abolishes an EU stance that exporters from China and from those in nine other members of the World Trade Organization operate in non-market conditions.

Europe is expected to remove China from its list of non-market-economy countries in dumping investigations.

The EU has traditionally used other nations' figures to calculate anti-dumping levies against China. This method, known as the analogue-country model, has resulted in higher EU duty rates against China's exporters, giving more protection for European manufacturers.

China's membership in the WTO, however, has made it harder for the EU to continue using the analogue-country model against Chinese exporters, said the Bloomberg report.

Under the new rules, the EU will construct the normal value of a good in an exporting country using "undistorted" costs.

The legislation is expected to be published on Dec. 18 and features compromises between the bloc's pro-China trade nations in the north and protectionist countries in the south, said Bloomberg.