EU Releases 2022 Trade Defense Report

An EU report on the bloc's 2022 trade defense activities shows the EU "robustly" applied legislation to ensure its trade measures were effective, the European Commission said. By the end of 2022, around 177 trade measures were in place, almost a fifth of them circumvention measures and most of them on goods from China, Russia, India, South Korea and the U.S. The bloc opened two anti-circumvention proceedings in 2022 and suspended all import duties and safeguard measures on Ukrainian goods following Russia's invasion, the commission noted.