Wednesday, 29 August 2007

The Lights Are On But No One's At Home - DG Trade Get It Wrong

The decision by DG Trade to continue to hold in place a tariff on Chinese energy saving light bulbs is a foolish one.

It seems that only German light bulb company Osram wanted to keep the tariff. I hope that the tariff will be lifted and soon. It makes no sense for the European Commission to keep a tariff in place when they are trying to encourage European consumers to save energy.

It is also bad economics.

I hope that the tariff will be voted down by member states within the month.

The BBC have more information here.


Mountjoy said...

I'm afraid there aren't as many trained economists in DG Trade as there should be; and if they are they are "Euroeconomists" (i.e. EU politics is more influential than national economic interests!). Sad but true.

Tristan said...

I think Bastiat's Candle maker's Petition is rather apt here.

Perhaps we should be sending copies to the relevant commissioners? ;)