The EU would allow higher import duties to be imposed on dumped goods

EU foreign ministers have adopted a position on the modernization of EU trade defense instruments, which would allow higher import duties to be imposed on dumped goods – the Council of the European Union announced on Monday.

The position of the Foreign Affairs Council in Luxembourg suggests that this step could strengthen the protection of Union producers against unfair competition. The new regulation will make it possible to plan and make more accessible EU trade defense instruments, in particular for the small and medium-sized enterprises (SMEs). (MTI)