EU trade defense instruments under auditors inspection

29/05/2019 12:00 - 452 Views

The European Court of Auditors is conducting an audit to assess how successful the European Commission has been in enforcing the EU’s trade defense policy, in particular, whether decisions related to trade defense instruments are appropriate and whether action is proper.

The auditors have published an Audit Preview on the EU’s trade defense instruments, that provide information on an ongoing audit task.

Trade defense measures usually take the form of extra duties to compensate for losses suffered by EU industry as a result of unfair practices.

Between 2013 and 2017 in the EU, 142 anti-dumping or anti-subsidy measures were applied, of which two thirds concerned China. In most cases, these measures targeted industrial products.

Source: New Europe