7/25/2016 12:07:00 PM
HEADLINES
China Extends AD Tariffs on EU Fasteners
China’s Ministry of Commerce said it would extend antidumping duties on certain iron or steel fasteners imported from the European Union (EU) by another five years, Xinhua News Agency reports.
Duties ranging from 6.1% to 26% on fasteners from the EU were first imposed on June 29, 2010.
When the last five-year period ended in June, the ministry reopened the investigation following a request from domestic industry players, according to Xinhua.
“If the antidumping measures end, dumping of fasteners from the EU may continue, damaging the domestic industry,” the ministry ruled.
The ruling comes months after the World Trade Organization rejected EU antidumping duties, originally applied in 2009, on nuts and bolts imported from China.
In January, the WTO issued its fourth and final verdict in a case pitting the European Union against China over import duties on nuts and bolts. The ruling, which rejected the EU’s final appeal, opened the way for China to request compensation.
The AD measures applied duties of up to 85% on fasteners falling within ten CN codes and including bolts, screws and washers from China.
In 2010, a WTO panel ruled that Brussels acted inconsistently in its antidumping calculations, and the decision was upheld on appeal in 2011.
Ultimately, the WTO faulted the EU for imposing antidumping duties on all Chinese firms instead of imposing differentiated duties depending on each company’s practice.
Following the WTO’s final decision, the Chinese Ministry of Commerce claimed the measures had “negative effect on exports from China (of) around $1 billion” and had resulted in some 100,000 people losing their jobs with thousands of fastener producers across the country.
The WTO has repeatedly found that the EU tariffs violate global trade rules.
Related Stories:
Share: