The European Commission has introduced a new surveillance tool to protect the EU from sudden and potentially disruptive import surges. This system aims to prevent harmful trade diversion by monitoring goods that cant enter other markets due to high tariffs and restrictions. Using customs data, it provides factual information, enabling the Commission to respond swiftly and protect the EU market.
The Commission invites EU manufacturers, industry associations, and Member States to review import trends on the tool website and share market intelligence. This assists in identifying products at risk due to import increases.
A dedicated task force for trade diversion
This new tool, initiated by EU Commission President Ursula von der Leyen, focuses on protecting EU markets. The task force offers insights to support the Commissions decision-making. An internal dashboard monitors all EU imports and identifies products with potentially harmful import increases.
The Commission is initiating dialogue with China to monitor potential trade diversions. This proactive approach allows the EU to address trends and risks timely. By collaborating closely with partners, the Commission demonstrates its commitment to safeguarding the EUs economic interests.
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Trade diversion monitoring tool