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521448
registered interest false more like this
date less than 2016-05-25more like thismore than 2016-05-25
answering body
Department for Business, Innovation and Skills more like this
answering dept id 26 more like this
answering dept short name Business, Innovation and Skills more like this
answering dept sort name Business, Innovation and Skills more like this
hansard heading Foreign Policy remove filter
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty’s Government what assessment have they made of the case for removing the Lesser Duty Rule. more like this
tabling member printed
Lord Kennedy of Southwark more like this
uin HL305 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-06-09more like thisremove minimum value filter
answer text <p>The Government believes that effective trade defence measures should be proportionate, not protectionist, and strike a balance between removing the injury to producers caused by unfair trade, and avoiding imposing unnecessary costs on user industries, retailers, consumers and the rest of the economy.</p><p>The evidence we have shows that duties that have been imposed under the Lesser Duty Rule on imports of Chinese steel into the EU have been effective in delivering rapid, substantial and sustained reductions in imports. For example, imports of wire rod, organic coated steel and stainless steel flat products are down by more than 90%. We have said we would look at evidence that others might provide.</p><p>There are a number of examples where the Lesser Duty Rule has avoided unnecessary costs to the rest of the economy. In the case of solar panels for example, the removal of the Lesser Duty Rule could have cost the downstream UK solar sector around £500m in one year.</p><p>We support looking at the methodology under which injury is calculated. Where the European Commission has set duties that we believe to be too low to remove the injury caused to EU industry by unfair trade, we will push for them to be increased, as we have done in the reinforcing bar and cold rolled flat products cases.</p>
answering member printed Baroness Neville-Rolfe more like this
question first answered
less than 2016-06-09T14:43:16.553Zmore like thismore than 2016-06-09T14:43:16.553Z
answering member
4284
label Biography information for Baroness Neville-Rolfe more like this
tabling member
4153
label Biography information for Lord Kennedy of Southwark more like this