1/2/2013 1:18:00 AM
HEADLINES

The World Trade Organization has established a panel to decide if the EU has complied with a determination faulting Europe’s antidumping duties on iron and steel fasteners from China, Law360 reports.

“The EU trimmed its duties on the Chinese fasteners following the decision over a year ago and has said repeatedly that it is now in compliance with the WTO’s orders,” writes Alex Lawson of Law360. “But China has claimed that the changes have not gone far enough.”

In October China relaunched a dispute with the EU over fastener tariffs, “complaining that Brussels has not brought antidumping measures on the product into line” with a 2012 World Trade Organization (WTO) ruling, according to Reuters.

China’s request for consultations with the EU came two years after a WTO panel faulted Europe on its calculation of antidumping tariffs.

In October 2012 the EU officially amended antidumping tariffs on certain steel fasteners imported from China.

Regulation 924/2012 recalculated the tariff levels applied to imports, reducing the headline tariff level from 85% to 74.1%. Tariffs applied to around 90 exporters that cooperated with the original investigation will reduce from 77.5% to 54.1%.

The original application of the tariffs in early 2009 resulted in importers shifting their orders to Taiwan and other Asian countries. ©2013 GlobalFastenerNews.com

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