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EU agrees move to allow swifter, higher dumping duties

Reuters  |  BRUSSELS 

BRUSSELS (Reuters) - The European Union has agreed new rules allowing it to impose duties more rapidly and at a higher level on excessively cheap imports, part of a strategy to shore up its defences in a new trading relationship with China.Representatives from the European Commission, the Parliament and the 28 member states agreed on a text late on Tuesday, ending around four years of wrangling."Better late than never," said EU Trade Commissioner Cecilia Malmstrom. "The EU stands for open and rules-based trade, but we must ensure that others do not take advantage of our openness."Under the ...

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First Published: Wed, December 06 2017. 18:31 IST