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Thursday, 10 May 2012

Brussels sees discussions on modernisation of Trade Defence Instruments

A high-level conference on the modernisation of Trade Defence Instruments (TDI) was held in Brussels this week, bringing together more than 240 stakeholders. Following key note speech delivered by EU Trade Commissioner De Gucht, participants discussed possible modifications to these defence instruments to allow them to function better in the current global trading environment.
The TDIs are intended to counter the dumping of under-priced products on its markets, re-establish a level playing field for its businesses in the face of unfair subsidies and ensure healthy competition through safeguards, in the event of sudden shifts in trade flows.
In the light of this ongoing modernisation initiative, the European Commission has published a Public Consultation on the Trade Defence Instruments which is open to all stakeholders until 3 July 2012.

Source: European Commission

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