EU Officials Push for Broader Use of Foreign Subsidies Regulation and Safeguards Against Chinese Firms
En resumen
EU officials propose expanding the use of the Foreign Subsidies Regulation (FSR) sector-wide and streamlining safeguard measures to counter competitive pressures from subsidized Chinese firms, fearing Europe's industrial base could be severely impacted.
Resumen generado por IA
Industry chief Stephane Sejourne is set to advocate for the broader use of the Foreign Subsidies Regulation (FSR) to combat market distortions by subsidized Chinese firms. Both officials support more widespread use of safeguard measures. There is concern that Europe’s industrial base could be decimated by the growth of Chinese competitors out-competing European rivals on price and quality. Time spent on anti-dumping probes could be halved to around six months using safeguards, with a focus on chemicals and machinery sectors.
