China EU reached agreement on anti-dumping of fasteners

According to foreign reports, the European Union recently agreed to work out a schedule for the settlement of the EU-China fastener trade case.

According to foreign media reports, the EU has reached an agreement with China on the previous fastener trade case resolution schedule. According to a WTO memorandum, the EU will implement the WTO Dispute Settlement Body's recommendations and judgments on the EU in the EU-China fastener trade dispute case two weeks after 14 months (since July 28, 2011).

Based on this agreement, the reasonable deadline for resolution of the China-EU fastener trade dispute case is October 12, 2012.

In July 2011, the WTO ruling that the EU imposed anti-dumping tariffs of up to 85% on fasteners originating in China violated WTO regulations, and China requested that the EU respond to the WTO ruling as soon as possible. In the past few months, the two sides have been arguing on this issue.

The conclusion of the agreement shows that the EU will likely accept the WTO's proposal in the future to withdraw or reduce the anti-dumping duties imposed on China's carbon steel fasteners.

In January 2009, the European Union considered dumping of Chinese fastener products and decided to impose anti-dumping duties of up to 85% on fasteners originating in China.

In July 2011, the WTO Appellate Body stated that the EU’s anti-dumping measures against fasteners originating in China violated the WTO rules and considered that the anti-dumping tariff calculation law of the EU-27 violated the fairness of trade because it used China as its A separate exporter treats it rather than treating it as a separate trader. This discriminates China as a non-market economy.

The EU adopted five standards in its anti-dumping case against China, arguing that all Chinese exporters are considered as a whole. However, the WTO’s Supreme Court, the WTO Appellate Body, believes that the EU’s five criteria are all ineffective. This case should be considered by a single enterprise because the current anti-dumping duties must be targeted at a certain company and cannot be targeted. a country.