BRUSSELS, March 12 (Reuters) - The United States should view the European Union as a partner in the fight against manufacturing overcapacity rather than a cause of the problem, the European Commission
EU Calls on US to See It as Ally, Not Cause, in Manufacturing Overcapacity Fight
EU Responds to US Investigations on Manufacturing Overcapacity
Background of US Investigations
BRUSSELS, March 12 (Reuters) - The United States should view the European Union as a partner in the fight against manufacturing overcapacity rather than a cause of the problem, the European Commission said on Thursday after the U.S. administration launched investigations into unfair trade practices of the bloc and 15 other trading partners.
EU’s Position on Global Overcapacity
Shared Concerns with the United States
A Commission spokesperson said the EU shares the United States' concern regarding structural overcapacity in the global economy, but that the sources of such overcapacity do not lie in Europe.
EU’s Market-Driven Approach
Commitment to Open Markets and Transparency
"The EU is a market-driven economy with open markets and transparent policies. As such, the EU does not consider itself a contributor to structural excess capacity, but rather a partner in addressing global distortions," the spokesperson said.
(Reporting by Inti Landauro and Philip Blenkinsop;Editing by Sudip Kar-Gupta)
