The EU\u2019s anti-dumping procedures are driven by requests from EU producers to the European Commission. The Commission is responsible for considering requests for and, if appropriate, opening anti-dumping investigations. My International Comparisons working group agreed to work closely with the steel industry on supporting cases where they provide evidence of dumping, as we did with Celsa Steel and rebar last year.<\/p>
The Government is strongly in favour of effective trade defences to tackle unfair trade practices. The Government voted in favour of anti-dumping measures on steel products in July and November and it was the UK that lobbied successfully for an investigation into rebar. The Government secured agreement on the need for fast and effective action at an EU level and a robust dialogue with China and other producer countries at the Extraordinary Competitiveness Council in November. We have pressed the Commission to consider ways of speeding up investigations and recently wrote to the Commission with specific proposals. We will be attending a summit meeting on 15 February to push for further progress. Recent announcements by the EU on registration measures for cold rolled strip and rebar show they have listened and are taking swifter action.<\/p>"}
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The Government is moving UK Green Investment Bank plc (GIB) into private ownership so it can continue operating in the same way it does now only funded with private capital rather than relying on taxpayers\u2019 support. The detailed background and supporting case for this move was set out in the policy statement we published on 18 November.<\/p>
Decisions on the proposed sale are being taken in accordance with best practice to ensure all available options are properly examined in a detailed business case and that a robust valuation process is followed. We expect taxpayers to gain a receipt to the public purse from a majority sale of GIB, and to benefit from reduced public funding requirements in future.<\/p>
"}
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