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EU announces new transparency tools for trade defense instruments

Xinhua, May 20, 2016 Adjust font size:

The European Commission announced on Thursday new transparency tools for trade defense instruments (TDIs) to facilitate communication with the involved stakeholders.

The move is part of the European Union (EU) executive arm's efforts to modernize certain elements of the EU's trade defense system amid the ongoing steel crisis.

On May 13, the Commission initiated an anti-subsidy investigation into imports of Chinese hot-rolled flat steel after receiving a complaint lodged by the European Steel Association (EUROFER).

Under the new transparency policy, the Commission will now systematically publish executive summaries of any requests for new investigation or review of existing anti-dumping or anti-subsidy measures to improve access to information on trade defense cases.

Moreover, the Commission will put in place a new online platform improving communication between stakeholders involved in the ongoing proceedings.

It will offer the parties involved in each particular procedure an instant online access to the entire non-confidential case-related file through the platform "TRON" (TRrade ONline). Endit