Common commercial policy of the European Union Tamas Dezso Ziegler Common commercial policy of the European Union (an overview)

China and the EU

China and the EU

China and the EU

China and the EU

EU and China ‚EU imposes import duties of up to 73.7% on cheap Chinese steel… The EU has agreed to impose import duties of between 13.2% and 22.6% on Chinese hot-rolled steel, which is used in pipelines and gas containers, and 65.1% and 73.7% on heavy plates, which are used in civil engineering projects.’ The Guardian

Trde within the EU EU has many treaties with different countries around the world Free trade areas Bilateral investment protection (negotiations with China) More complex treaties Special relationships: US: regulatory cooperation as well

EU trade agreements

EU commercial policy Exclusive EU competency Unlike in foreign policy: no veto rights Unified customs at the border, inside: no customs: EU customs Union Source: http://www.europeanfinancialreview.com

EU commercial policy tools Tariffs

EU commercial policy tools Countervailing measures: subsidised imports on the EU market and (in theory) restore fair competition Used when a foreign state helps exports Anti-dumping measures counter dumping practices occurring when non-EU manufacturers sell their goods in the EU below the normal value (usually the sales price) on their domestic market. Used when an extreme amount of goods arrive to the EU

EU commercial policy tools Other, less important measures Import quotas: not as common Export measures (tariffs, quotas): rare Embargo + political actions EU Russia relations

Controveries Free trade proponent v. protectionism Rationality of tariffs EU agriculture would collapse without protection

Controveries EU-China solar panel dispute ‚The EU announced on Sept. 16 that it would progressively reduce the minimum prices that Chinese solar panel makers are allowed to sell their products for in Europe. The prices will be cut every three months, first on Oct 1 and finally on July 1 next year…. Chinese companies that sell below these set minimum prices are subject to import duties of up to 64.9 percent.’ Reuters.uk