EU Intends To Impose High Tariffs On Chinese Products

Europe, which is enveloped in the cloud of sovereign debt crisis, has frequently raised the trade protectionist stick.

On the 11 day, the Ministry of commerce website released an early warning message from the Ministry of Commerce in Italy.

Early warning citing reports from local European media said the EU is preparing to fight against it through high tariffs.

"This move is not groundless. In the last 5 years of the EU's new strategic blueprint for Global trade in November, the EU emphasized the competitiveness of trade, hoping to promote EU economic growth through trade and solve the problem of high unemployment."

The warning indicates.

According to the article of the Ministry of Commerce in Italy, the European economy has been pushed by the European debt crisis into the cold abyss this year. However, the trade between China and Europe is growing rapidly. With the competitive advantage gained by labor costs and so on, China exports more and more goods, but the European Union has more and more to offset this.

"This year, a series of moves by the EU have released a signal: its trade with China.

One obvious sign is that the EU is trying to rely on trade to help its economy out of difficulties.

In November 2010, the European Commission issued a new trade strategy document called trade, growth and world affairs.

This document, which outlines the trend of EU's trade policy in the next 5 years, advocates a more tougher strategy to open up external markets for EU enterprises.

Since then, a series of EU trade policy initiatives have implemented the principles of the new trade strategy document, opening up the external market vigorously and blocking imports of goods by various means.

In mid May of this year, the European Commission announced the first "double counter case" against China (anti-dumping and countervailing). It decided to levy a 4% to 12% countervailing duty on Chinese coated paper enterprises and an anti-dumping duty of 8% to 35.1%.

In addition, the European Union announced recently that the anti-dumping duty on bicycles and bicycle parts was extended for another 5 years, and the tax rate was raised to 48.5%.

According to the European Union's glass fiber industry complaint, the European Commission issued a notice at the end of 7 this year, decided to formally put on the glass fiber fabric originating in China and initiate anti-dumping investigations.

involved

The Ministry of commerce also quoted a recent report from German Der Spiegel weekly that the EU member states have decided to increase import tariffs on wall tiles and floor tiles imported from China from mid September, which will impose a punitive tariff of 5 years on China's wall tiles and floor tiles up to 69.7%.

Reuters reported that an EU diplomat said the proposal was supported by trade officials from most EU Member States.

The EU's latest series of tough trade measures with China are closely related to the current economic situation and the rapid recovery of Sino EU trade.

Since the beginning of this year, the "European pig country" is deeply in the sovereign debt crisis, and the EU has gradually clarified the idea of trade saving the economy.

"In the face of economic difficulties, the EU will need to redouble its efforts to ensure economic growth and employment through trade in the coming years, and trade should play a key role in economic recovery."

Degut, Commissioner for trade affairs of the European Commission, said.

Despite the enormous challenges facing the European economy, trade between China and Europe has increased rapidly, making the EU's trade protectionism surge.

According to the General Administration of customs, China's exports to the EU amounted to US $318 billion 600 million from 1 to July this year, an increase of 17.8% over the same period last year.

The increase in China's exports has put pressure on the EU.

In addition, the commerce ministry also pointed out that trade relations between the EU and China have become increasingly tense recently because of the WTO's agreement on China's decision to import tariffs on the EU.

Bai Ming said that a series of EU trade protectionism actions are aimed at excluding other countries from their domestic market, and have obvious "self interest", but in fact, this way of seeking economic development can not last long.

For China, it is foreseeable that it will become more and more difficult to enter the European market in the coming period. The EU's tariff increase will reduce the export orders and increase the export costs of Chinese goods.

As China's largest export market, Europe

Against this background, Bai Ming believes that China fundamentally needs to resolve the layout of the global industrial chain, and at the same time upgrading its own industrial structure, it should also link up with European industries and deepen intra industry cooperation.

"The EU's strong trade policy will inevitably have direct and indirect effects on me."

Cheng Yongru, director of the Fair Trade Bureau of the Ministry of Commerce, told reporters: "we need to position China EU economic and trade relations in the global strategic interests pattern, resolve the pain of supply chain change and value chain climbing in the process of changing the mode of economic development, understand the response of EU industry and the government, and deepen professional cooperation and division of labor in the future development."