European Commission Prepares EU Chemicals Aid as June 18-19 Summit Targets Cheap Chinese Imports
Updated
Updated · POLITICO Europe · Jun 8
European Commission Prepares EU Chemicals Aid as June 18-19 Summit Targets Cheap Chinese Imports
3 articles · Updated · POLITICO Europe · Jun 8
Summary
Brussels is drafting new measures to support the EU chemicals industry, with leaders set to discuss curbing a Chinese supply glut at a June 18-19 summit.
Cheap Chinese imports have pushed European producers toward crisis, with manufacturers warning the sector is "bleeding" and lacks time for a slow policy response.
The immediate obstacle is timing: Commission measures could take months or even years to design and implement, while companies say the damage is happening now.
The planned response underscores mounting EU concern that import pressure from China is eroding the bloc's industrial base beyond chemicals.