EU abol­ish­ing

The Pak Banker - - BUSINESS -

The Euro­pean Union (EU) is mulling over the choice to abol­ish its "non-mar­ket econ­omy" list, on which China and 14 other coun­tries are in­cluded, and set up a new "coun­tryneu­tral" method to re­form its anti-dump­ing and anti-sub­sidy leg­is­la­tion, it was an­nounced Wed­nes­day.

The de­ci­sion was made after the Euro­pean Com­mis­sion held the sec­ond ori­en­ta­tion de­bate on the treat- ment of China in anti-dump­ing in­ves­ti­ga­tions, as the 15-yearold "sur­ro­gate sys­tem" is set to ex­pire in De­cem­ber.

"The col­leagues have agreed to pro­pose changes to the EU anti-dump­ing and an­ti­sub­sidy leg­is­la­tion with the in­tro­duc­tion of a new an­tidump­ing methodology," said EU Trade Com­mis­sioner Ce­cilia Malm­strom in a press brief­ing. "We are elim­i­nat­ing the ex­ist­ing list of non-mar­ket econ­omy coun­tries," Malm­strom told re­porters. "This is a new method, it will

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