EU bans the import of electronic goods from Asia

As explained in a statement by the EU Trade Commissioner François Plaisantin, the ban does not include electronic components and materials used in the assembly of electronic devices. Products that do not exceed a certain level of assembly work (49%) can also still be imported into the EU (Special regulations will apply; to be announced shortly). Companies that fail to comply with this new regulations, are looking at a hefty fine - up to 10% of their annual turnover. François Plaisantin explains the reason behind this new regulation: "In recent years we have seen a seemingly endless wave of cheap electronic products coming from Asia. This is clearly not a healthy situation for the electronics industry we have here in Europe. This new regulation is just the beginning. We will evaluate further measures in the protection of the livelihoods of a fast number of people here at home." "Furthermore, there are also concerns of contamination due to the recent natural disaster in Japan. Especially the MCA in Fukushima - as can be expected - has to be considered", he adds. The regulation takes immediate effect (as of April 1, 2011). ----- Psst. If you were not quite sure! This was it. Happy April Fools.