1-3 of 3 results for subject:Dumping
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I did discuss this issue with President Obama, and both the US and the European Union have taken action against Chinese dumping. If you look at the figures, the excess capacity in China is around 25 times higher than the UK’s entire production. The anti-dumping tariffs we have produced in the EU have been very effective and, in some categories, have reduced Chinese exports by as much as 98%. So my hon. Friend should not believe some of the figures put around that the EU action does not work; it does work, and if we were outside the EU we might be subject to those tariffs ourselves.
I did discuss this issue with President Obama, and both the US and the European Union have taken action against Chinese dumping. If you look at the figures, the excess capacity in China is around 25 times higher than the UK’s entire production. The anti-dumping tariffs we have produced in the EU have been very effective and, in some categories, have reduced Chinese exports by as much as 98%. So my hon. Friend should not believe some of the figures put around that the EU action does not work; it does work, and if we were outside the EU we might be subject to those tariffs ourselves.
Q4
.
Tom Pursglove (Corby) (Con):
During President Obama’s recent visit, was the Prime Minister able to talk to him about the Chinese dumping of steel and the robust action he has been able to take in the United States to address it, including introducing tariffs of 288%? If so, was his advice, “Keep backing British steel, increase the tariffs and tell the Chinese to go to the back of the line”?
I have to say that the hon. Gentleman is wrong both on content and on approach. The two issues are separate. There are market economies that Europe still puts dumping tariffs on—we actually did that recently with America, and we have done it in the past with Russia—so I think we should take these two issues separately. We should continue to pursue robust action against China, which is exactly what we are doing, based on the merits. In terms of a closer relationship with China—a trading relationship—I want to help those Welsh businesses, including companies such as Airbus, break into Chinese markets and to make sure we get the best for British jobs, British manufacturing and British exports. That is what we want in our relationship with China.
I have to say that the hon. Gentleman is wrong both on content and on approach. The two issues are separate. There are market economies that Europe still puts dumping tariffs on—we actually did that recently with America, and we have done it in the past with Russia—so I think we should take these two issues separately. We should continue to pursue robust action against China, which is exactly what we are doing, based on the merits. In terms of a closer relationship with China—a trading relationship—I want to help those Welsh businesses, including companies such as Airbus, break into Chinese markets and to make sure we get the best for British jobs, British manufacturing and British exports. That is what we want in our relationship with China.
Q10
.
Jonathan Edwards (Carmarthen East and Dinefwr) (PC):
The UK Government are a cheerleader for China to be awarded World Trade Organisation market economy status, because they want the City of London to become a major trading centre for the Chinese currency. MES for China would
make it nigh on impossible to impose tariffs on Chinese steel, despite its dumping strategy. Is this not a classic case of the Westminster Government once again putting the bankers of London before manufacturing workers in Wales and the rest of the UK?
I am glad that the hon. Gentleman was at the summit on Friday. I met him back in November, and I am always happy to meet him and neighbouring MPs again. After this Question Time, I am going straight to No. 10 for several hours of talks with the Chinese President, and there will be every opportunity to talk about this issue. I began those discussions last night. I think the Chinese recognise that they have huge overcapacity in their steel industry, which they have to address as well, but I say again that I do not want to make promises I cannot keep—[Interruption.] We cannot set the steel price here in this—[Interruption.] We cannot
set the steel price here in this House, and we cannot go beyond the sorts of steps I have talked about on procurement, energy and industrial support. Opposition Members might, however, like to remember their own record. Under Labour, steel production halved. Under Labour, employment in steel halved. Since I have been Prime Minister, steel production has gone up and steel employment has stayed the same. So before we get a self-righteous lecture from Labour, I would say to them, “Look at your own record!”
I am glad that the hon. Gentleman was at the summit on Friday. I met him back in November, and I am always happy to meet him and neighbouring MPs again. After this Question Time, I am going straight to No. 10 for several hours of talks with the Chinese President, and there will be every opportunity to talk about this issue. I began those discussions last night. I think the Chinese recognise that they have huge overcapacity in their steel industry, which they have to address as well, but I say again that I do not want to make promises I cannot keep—[Interruption.] We cannot set the steel price here in this—[Interruption.] We cannot
set the steel price here in this House, and we cannot go beyond the sorts of steps I have talked about on procurement, energy and industrial support. Opposition Members might, however, like to remember their own record. Under Labour, steel production halved. Under Labour, employment in steel halved. Since I have been Prime Minister, steel production has gone up and steel employment has stayed the same. So before we get a self-righteous lecture from Labour, I would say to them, “Look at your own record!”
Q15
.
Nic Dakin (Scunthorpe) (Lab):
Did the Prime Minister make clear to the Chinese President the urgent need to stop Chinese steel dumping? If so, what was the response? Will he meet once again with north Lincolnshire MPs to see what more can be done to support steelmaking in Scunthorpe?