http://www.telegraph.co.uk/business/2016/03/30/britain-sacrifices-steel-industry-to-curry-favour-with-china/
Britain is not alone. Most of Europe's steel foundries are heading
for annihilation under the current EU trade regime, with unthinkable
consequences through the network of European and British supply
chains... the British government has for the last three years been
blocking efforts by the EU to equip itself with the sort of anti-dumping
weaponry used by Washington to confront China.
...
"The
British are sacrificing an entire European industry to say thank you to
China for signing up to the nuclear power project at Hinkley Point, and
pretending it is about free trade," said one official in Brussels
bitterly.
What they are blocking is a change to an EU regulation intended to
beef up Europe's 'trade defence instruments' (TDI), enabling it to
respond much more quickly to Chinese dumping and too impose much tougher
penalties.
No comments:
Post a Comment