The EU’s trade defence instruments are the anti-dumping law, the anti-subsidy law and the safeguards law. The anti-dumping and anti-subsidy rules are in the final phases of the legislative process leading to their upgrading. The new rules are expected for the early summer.
Of interest to the shipping community is the fact that a notice period of two weeks will have to be given to the general public before any measures are imposed. This will allow traders to complete customs clearance under normal conditions and not subject to the measures to be introduced. Concerns have been raised that this will lead to stockpiling and the law introduces an obligation to review the implantation of the rules to see if this actually happens.