Tuesday, December 25, 2007

Chinese Mandarin - EU to end anti-dumping duties on Chinese lightbulbs

?  ?

BIZCHINA / Top Biz News

EU to end anti-dumping duties on Chinese lightbulbs

(Xinhua)
Updated: 2007-07-27 11:19

The European Commission is set to propose an end to the five-year
anti-dumping duties on Chinese energy-saving lightbulbs, a spokesman said
on Thursday.

A group of trade experts at the European Union's executive body have been
debating whether to drop the anti-dumping duties for several months as
the trade defense measure against lightbulbs made in China was introduced
for five years in 2001.

Peter Power, a spokesman for EU Trade Commissioner Peter Mandelson, said
a majority of specialists support the end to the anti-dumping duties as
the five-year period has expired.

"The outcome of the discussions puts the commission in a position to
proceed with a formal proposal to end the duties," he said.

Some European bulb makers have been pressing had for a renewal of the
duties for another five years, but the measure was criticized by
environmentalists as unjustified in EU's fight against global warming.

EU member states will give a final say to the issue, based on the
commission's proposal.

The 27-nation bloc has launched a review of its trade defense policy,
notably anti-duping measures. As an increasing number of EU companies now
invest in China, the EU wants to have a second thought on whether such
measures would hurt its own interests.

(For more biz stories, please visit Industry Updates)

Chinese Mandarin

No comments: