The European Parliament is working to update the EU’s anti-dumping rules. The reform aims to better protect businesses and jobs from state-subsidised foreign companies that sell products below market value.
Electric bikes are powering their way across Europe. Increasingly popular, the bikes are also at the centre of an international trade dispute. At the heart of the matter is dumping. A practice that involves foreign companies selling their state-subsidised products at below market prices. In this case, Chinese-made electric bikes are being sold cheap in Europe, which the EU believes threatens businesses and jobs. We have more and more conflicts over trade worldwide right now. And the EU framework for trade offense instruments and anti-dumping is old. It's not been reformed since the 90s. But today's world is of course very different to the 90s. Measures already in place include applying tariffs to products that the EU determines are undermining home-grown businesses. But higher import taxes aren't the only answer. If we have rules, we have to have ways to force people to play by the rules, and therefore I think that trade offense instruments actually play an important role. In addition to tariff increases, some changes on the table include shorter anti-dumping investigations, and the creation of a help-desk to process complaints lodged by small businesses. The Parliament also aims to involve trade unions as part of its aim to modernise the process.