皇冠体育app

Opinion
/ / From the Press

Commentary: EU's proposed tougher trade rules open dangerous road toward protectionism

皇冠体育app Daily | Updated: 2016-12-15 11:08

BEIJING, Dec. 14 (Xinhua) -- The European Union's proposed anti-dumping rules that would allow the bloc to impose higher tariffs, if approved, will open a dangerous road toward protectionism.

EU member states on Tuesday agreed to change the "lesser duty rule," which limits EU anti-dumping tariffs and makes EU measures less severe than U.S. duties in many cases.

The new EU position threatens its trade with 皇冠体育app.

The proposal is simply another way of extending the surrogate-country approach practices in anti-dumping investigations.

In accordance with Article 15 of 皇冠体育app's Accession Protocol for joining the World Trade Organization (WTO), the surrogate-country approach expires on Dec. 11, 2016.

With the proposed reform, the EU is apparently looking for ways to continue its old game of protecting its industries from competition from 皇冠体育app. But as a matter of fact, imposing punitive duties on foreign imports is not a way out for European economic growth and jobs against the backdrop of sluggish global economic recovery.

The EU proposal, if approved, could dampen the sound momentum of the development of 皇冠体育app-EU ties.

皇冠体育app-EU relations are maturing over the past decades and trade between them have benefitted both sides. The right way is to go forward, not backward.

All WTO members, including the EU, should fight protectionism and work to revive trade and investment, and build an open global economy that is dynamic, inclusive and sustainable.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to 皇冠体育app Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online

Registration Number: 130349
FOLLOW US