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Combining various types of trade defence measures
Combining various types of trade defence measures
Combining various types of trade defence measures
Combining various types of trade defence measures
SUMMARY OF:
WHAT IS THE AIM OF THE REGULATION?
It enables the European Commission to adopt safeguard measures* to protect European Union (EU) industry from unfair competition caused by a sudden and unforeseen increase in imports.
KEY POINTS
FROM WHEN DOES THE REGULATION APPLY?
Regulation (EU) 2015/477 is the codified version of an original act (Regulation (EC) No 452/2003), and its subsequent amendments. It has applied since 16 April 2015.
* KEY TERMS
Anti-dumping measures: measures, e.g. specific duties, applied to imports into the EU of ‘dumped products’, i.e. products exported to the EU at a lower price than the domestic price, and that cause injury to the EU industry.
Anti-subsidy measures: measures, e.g. countervailing duties, imposed by the EU on imports that are subsidised and thus injure EU industry producing the like (a similar) product.
Safeguard measures: measures introduced when the Commission concludes that imports of a certain product have increased to the extent that they cause (or threaten) serious harm to EU producers. They are temporary measures (e.g. import or tariff quotas) applied to imports in order to offer EU producers the time to make any necessary structural adjustments.
Countervailing duties: duties levied on goods which have received government subsidies in the originating or exporting country, thus enabling the goods to be imported into the EU at prices substantially lower than their normal commercial value.
MAIN DOCUMENT
Regulation (EU) 2015/477 of the European Parliament and of the Council of 11 March 2015 on measures that the Union may take in relation to the combined effect of anti-dumping or anti-subsidy measures with safeguard measures (codification) (OJ L 83, 27.3.2015, pp. 11-15)
last update 01.03.2017