Answer – Devastating consequences for the Italian and European economies: should China be granted market economy status – E-015928/2015
The Commission has reservations with regards to the methodology and assumptions of the study referred by the Honourable Member and calls into question the credibility of its results. For example, the study assumes tariffs on all imports from China would go down by 30 percentage points while in fact imports subject to anti-dumping measures (1.38% of all imports from China) would be affected by the granting of market economy status.
The Commission is currently looking into the various implications, legal, economic, as well as political, of the expiration of certain provisions of the Protocol of accession of China to the World Trade Organisation relating to the treatment of China in anti-dumping investigations. The Commission is analysing three basic options concerning the way forward: not to change the EU legislation; to remove China from the list of non-market economy countries without further conditions and to remove China from this list while at the same time introducing accompanying measures.
These three options are being duly assessed in the framework of the in-depth impact assessment which has been launched by the Commission and which includes a public consultation, started on 10 February. This in-depth examination will include an analysis per sector and taking into account differences across Member States, covering all aspects of this issue, and the potential impact on jobs in particular. The findings of the impact assessment shall help the Commission take a decision on the way forward.