China’s proposed market economy status: defend EU industry and jobs, urge MEPS

EU News 160/2016

European Parliament
12/05/2016

Until China has fulfilled the EU's five criteria for market economy status, its exports to the EU must be treated in a "non-standard" way, say MEPs in a non-legislative resolution passed on Thursday. This non-standard methodology, for use in anti-dumping and anti-subsidy investigations, should assess whether China's costs and prices are market-based, so as to ensure a level playing field for EU industry and defend EU jobs, they add.

However, the EU must to find a way to do this in compliance with its international obligations in the World Trade Organization (WTO), and in particular China's WTO Accession Protocol, which provides for changes in how China is to be treated after 11 December 2016. In a resolution passed by 546 votes to 28, with 77 abstentions, MEPs call on the EU Commission to come forward with a proposal that strikes a balance between these needs.

Source and additional information:
http://www.europarl.europa.eu/news/en/news-room/20160504IPR25859/China%E2%80%99s-proposed-market-economy-status-defend-EU-industry-and-jobs-urge-MEPS

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