MDB issues new scheme with revised collateral requirement after the Malta Chamber of SMEs highlights difficulties
23 September 2020
Following problems flagged by members on accessing the MDB loan scheme, the Malta Chamber of...
Today the EU Commission imposed
provisional anti-dumping duties of up to 59% on ceramic tableware and
kitchenware from China, disregarding the fact that a majority of Member States
had opposed such a move. GRTU, EuroCommerce who represent
European retailers and importers in Europe and Foreign Trade Association
condemned the move. In a democratic society, it is not acceptable that the
Commission can impose punitive duties under such circumstances.
GRTU had consulted its members and
expressed a clear view that voting in favour of such an anti-dumping duty was
not in favour of Maltese traders and consumers. The fact that at the vote taken
at the Anti-Dumping Committee of 23 October only nine Member States were in
favour shows very clearly that this is the situation in many other European
At this stage of an anti-dumping
investigation, the vote by Member States is however technically not binding on
the Commission (unlike when a decision is taken to impose definitive duties).
However, many commentators expressed surprise that the Commission had decided
to go ahead with legislation.
SME importers will be hit
particularly badly by the measures as they operate on very tight margins in a
highly competitive marketplace. This measure will also impact consumers as
members had indicated that they may be forced to put up prices and/or reduce
the range of product. In such times of recession when we are all looking to
save money, imposing duties on such a wide range of products that every family
needs simply in order to protect a few players in the EU industry is
The investigation is set to continue
until the Commission is ready to decide whether definitive duties should be
imposed. This decision is likely to arrive by April so that interested parties
can submit comments and Member States can be consulted before the ultimate
deadline of 16 May 2013. At that point duties could be imposed for a maximum of
GRTU takes this opportunity to advise
members that from today onward tableware and kitchenware of ceramic of other
type of pottery originating from China will be subject to a 59% duty on the
price of the project on importation.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).