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.
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2 comments:
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.
I think Bastiat's Candle maker's Petition is rather apt here.
Perhaps we should be sending copies to the relevant commissioners? ;)
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