AEGIS Europe is an alliance of European industrial sectors promoting manufacturing, investment, employment, growth and innovation in an environment of fair competition and a level playing field in the EU and abroad. The alliance was created in 2016 to address the critical question as to whether the EU should accept that China was a Market Economy for purpose of anti-dumping policy. Confirming the alliance’s objective, AEGIS Europe sectors increasingly experience the critical need to expand their focus beyond EU trade defence policy and measures dealing with the effects of international economic and trade distortions, towards the root causes of distorted and unfair competition.
Well-designed and enforceable international rules that reflect today’s realities are critical for this purpose. The WTO is the regulatory institution capable of effectively framing and enforcing an international level playing field for the manufacturing industry. AEGIS Europe considers that a rules-based multilateral trade regime benefits all economies. However, the
modernization of the WTO is necessary to address competing economic and political systems.
AEGIS Europe supports the EU ambition to modernize and make the WTO more effective by introducing more transparency, new rules and disciplines and enforcement mechanisms.
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Brussels, 15 July 2024 – The proposal for a European Pact for Steel, presented by the German delegation to the European People’s Party (EPP), is a timely initiative in view of the start of the new EU legislative period. The European Steel Association strongly backs the creation of an EU high-level group, led by a renowned political personality, to ensure the success of the transition of the EU steel sector with rapid interventions, and urges Commission President Ursula von der Leyen to endorse it.
Brussels, 25 June 2024 – The EU decision to continue the steel safeguard for another two-year period is a much-needed step towards ensuring the stability of the steel market amidst the highest levels of import penetration ever recorded in the EU. However, as global excess capacity is projected to increase even further in the coming years, a longer-term solution needs to be developed to address this structural challenge, says the European Steel Association.
Joint Statement