European manufacturers urged to fight against surging imports
British and European manufacturers are being urged to consider the use of European Union (EU) trading rules, which may be able to halt the effects of surging imports, in particular subsidised or dumped trading.
London-based law firm, King and Spalding International LLP, says that many companies are unaware of the laws and regulations in place to protect them. The company says that under certain circumstances, World Trade Organisation (WTO) ‘trade remedy’ rules give the European Commission (EC) the right to redress the damaging consequences of surging imports.
A partner at the firm, Steve Orava, added that other nations, particularly those in the fastest growing economies, had been quicker to use such laws. He said: “At a time when
Between 1995 and 2002, anti-dumping measures increased 276% in developing countries, compared with just 11% in developed countries. Initiations of new anti-dumping cases increased 166% in developing countries while they declined 2% for their developed counterparts, the firm says.
In the first six months of 2003,
Industries that are particularly under threat include textiles and clothing, chemical products, packaging materials, hand tools and a wide range of agricultural goods.