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.

The European Union is preparing to fight against cheap goods from China through high tariffs.

"This move is not groundless, in November last year.

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: the more stringent the trade policy toward China is, the more likely the EU is to generate a wave of trade protection under the pressure of debt."

Bai Ming, a researcher at the Ministry of Commerce, said.

One obvious sign is that the EU is trying to rely on it.

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.

The products are woven or knitted fabrics and knitted continuous glass yarns.

If there is evidence of dumping, provisional anti-dumping duties will be levied in March 2012.

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 related to its current economic situation and

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 the largest export market in China, the deteriorating European trade environment is bound to bring great pressure to China's exports.

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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, said: "we need to position China EU economic and trade relations in the global strategic interests pattern, and resolve the pain of supply chain change and value chain climbing in the process of changing the mode of economic development, understand the reaction of EU industry and the government, and deepen professional cooperation and division of labor in the future development."