'Dialogue alone is not enough' to counter Beijing's 'industrial dominance,' Brussels warns
The EU has said it will continue to wield its trade defence instruments against China, as the bloc’s deficit with the world’s second-largest economy soared to a record high.
Denis Redonnet, the European Commission’s chief trade enforcement officer, said on Tuesday that over “the next few months” Brussels “will continue to deploy, where necessary and where legitimate, both structural and contingent trade protection measures” to curb the surge in Chinese exports.
Structural measures include anti-dumping and anti-subsidy investigations, he added, while contingent measures include so-called safeguards, which aim to protect the EU from a sudden increase in imports.
“There are no signs of any macroeconomic adjustment in China, and no sign that the structural characteristics that I was referring to are fundamentally changing,” said Redonnet, who also serves as the Commission’s deputy director general for trade.
