Fastener companies show off or win the EU
On January 31, 2009, the European Commission announced that it would levy an anti-dumping tax with a maximum tax rate of 85% on screws and bolts from China for a period of 5 years. The 24 enterprises responding to the lawsuit in our city were fined to varying degrees with heavy taxes, which caused them to face serious challenges in entering the EU market.
Therefore, the Chinese government sent a letter to the EU Permanent Mission to the WTO through the Permanent Mission to the WTO to initiate a consultation request under the WTO dispute settlement mechanism on the EU's anti-dumping measures against Chinese fasteners and formally initiate the WTO dispute settlement procedure.
Chen Lan, Director of the Fair Trade Department of the Municipal Foreign Trade and Economic Cooperation Bureau, said that this move marks that China is gradually maturing in participating in and using WTO rules to resolve trade disputes, and Jiaxing fastener companies and chambers of commerce have the privilege of playing a key role in this process . "Financial Times" believes that this case is another example of a trend in international trade diplomacy, that is, the WTO member governments through the complaint in the WTO, seek to circumvent the anti-dumping measures adopted by their trading partners and other trade barriers.
Pressurized EU reexamination companies are expected to return to the European market
Relevant experts said that the WTO report means that since joining the WTO, China ’s first complaint against the EU is expected to succeed. If this preliminary ruling, as expected, is confirmed next month and awaits appeal, it will force the EU to review its anti-dumping tariff policy.
Chen Lan believes that the news from the WTO has brought new hope to the fastener companies in our city that have gradually lost confidence in the case when the “gunpowder smell†of Sino-European fasteners is strong. It is expected to return to the European market. She also said with emotion: "It seems that the efforts to fight for rights and interests through the appeal channel in recent years have not been in vain, but also pointed out the direction for us to deal with such cases in the future."
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