European Governments Seek EU Import Limits on Chemicals and Plastics From China
Several European governments plan to press the European Union to use a trade-protection instrument to shield the chemicals and plastics industries from a surge in imports. Imports into these industries come mainly from China.
France and Italy plan to submit a broad application for import quotas, known as a safeguard measure, within weeks. The application mainly targets polyethylene terephthalate (PET), which is widely used in packaging, as well as the chemicals epoxy resin and glass fibre.
Why this event matters
The event has a measured impact on 3 industrys. The strongest current signal is negative for Specialty Chemicals, with intensity 65/100 and 70% confidence over a medium term horizon.
Specialty Chemicals
- Direction
- negative
- Intensity
- 65
- Confidence
- 70%
- Horizon
- Medium term
Basic Chemicals
- Direction
- negative
- Intensity
- 60
- Confidence
- 70%
- Horizon
- Medium term
Functional Building Materials
- Direction
- negative
- Intensity
- 55
- Confidence
- 60%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.