2/20/2013
HEADLINES
EU Dropping Stainless Circumvention Case Against Thailand & Malaysia
The European Commission intends to drop the circumvention investigation initiated in June 2012 on stainless steel fasteners from Thailand and Malaysia without applying duties, Fastener + Fixing Magazine reports.
However, European regulators propose applying a 27.4% duty on imports from the Philippines, with the exception of two companies that will be granted exemptions.
“Proposal COM 2013/0046 dated 13.02.12 states that Commission investigators were unable to confirm that transshipment of certain Chinese-origin stainless steel fasteners was taking place via Malaysia and Thailand,” writes executive editor Phil Matten of Fastener + Fixing.
“Investigators were, however, able to confirm transhipment was taking place via the Philippines and that other criteria establishing that circumvention was occurring were also met.”
As a result the Commission proposes to extend the antidumping measures currently in force on stainless steel fasteners from People’s Republic of China to imports consigned from the Philippines. The corresponding duty of 27.4% will apply and will be levied from the date the investigation was initiated, which was June 15, 2012.
The Commission proposes to grant exemption from the duties to two Filipino companies only.
The Council Regulation implementing these proposals will be published in the EU Official Journal no later than March 13, 2013, and will come into force the following day.
In 2011 the EU placed 85% tariffs on fastener imports from Malaysia for circumvention by transshipment of Chinese fasteners via Malaysia, Thailand and the Philippines.
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