According to sources to the China Daily, although the World Trade Organization’s WTO has ruled that the EU imposes high anti-dumping duties on fasteners originating in China in violation of WTO regulations, the EU may still propose “review†of the case in the future. .
Jia Feng, deputy secretary-general of the Fasteners Import & Export Enterprises Association, Yang Fengdan also stated that the Chinese government is currently concerned that the EU will not withdraw the anti-dumping duties imposed on fasteners imported from China as soon as possible. Therefore, the Chinese government will consider drafting documents to urge The EU withdrew the anti-dumping measures as soon as possible.
As a representative of the Jiaxing Fasteners Import & Export Association, Yang Fengdan recently attended a meeting convened by the Ministry of Commerce.
In mid-July 2011, the WTO vetoed the European Union’s appeal for the presence of Chinese fasteners in the EU market and ruled that the EU’s imposition of high anti-dumping duties on Chinese fasteners violated WTO trade regulations.
In January 2009, the European Union decided to impose anti-dumping duties of 26.5% to 85% on China's carbon steel fastener products. On July 31, 2009, China relied on the EU's relevant legislation and anti-dumping measures in the WTO dispute settlement mechanism. This case became China's first case of prosecuting the EU in the WTO.
China is the world’s largest producer of fasteners such as screws, nuts, bolts, and washers, and the EU is the main market for these products. In 2010, the total amount of fasteners that China exported to the European Union reached 600 million U.S. dollars.
Although China’s fastener companies welcome the WTO ruling and believe that they can return to the EU market again, Yang Fengdan said that in the short term, things will not be obtained. She said that “domestic manufacturers must give priority to standardizing exports and improving the quality of fasteners, because the EU will very likely launch a new round of review and investigation of fasteners imported from China.â€
The WTO’s ruling on the China-European fastener case took effect on July 28, 2011. The losing party has 10-15 months to amend the relevant regulations and revoke the anti-dumping duties; but the EU “is very likely not to Do it, but will intentionally delay or only partially implement the WTO ruling."
In this regard, China's fastener manufacturers are very concerned about, "No doubt, the WTO ruling is absolutely China's victory, but we will pay close attention to the implementation of the next EU." General Manager of Pinghu Julong Fasteners Co., Ltd. Gu Zhaogen Indicated.
Experts believe that with the spread of the debt crisis in Europe, in the coming months, China’s exports will face more trade amendments initiated by the EU and other trade protection measures.
According to reports, the European Commission submitted a relevant notice to China on August 1 st that it will continue to impose a punitive tariff of 48.5% on Chinese bicycles; at the same time, since mid-September, the EU will impose a five-year levy on tiles imported from China. Punitive tariffs, the highest rate of 69.7%; In addition, the European Commission is also an anti-dumping investigation of glass fiber products imported from China. Once the survey results are established, the EU will impose temporary tariffs on these products before the end of March 2012, and may impose a 5-year formal tariff before the end of September.
EU officials said that the low prices of Chinese products have hit EU counterparts and must use tariffs and other countermeasures to protect EU producers. In the analysis of the industry, it seems that the European Union's frequent dance of "trade protection" is in fact aimed at enlarging China's market, and its trade policy of "fighting and pulling again" is undoubtedly revealed. China should be prepared to respond to more trade barriers in the future.
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