EU appeals to WTO at fastener case

According to a comprehensive foreign news report, a WTO spokesperson said on March 25 that the EU has expressed dissatisfaction with the former World Trade Organization (WTO) ruling that its anti-dumping measures against steel fasteners originating in China are inconsistent with WTO rules. File an appeal.   In December 2010, World Trade Organization experts issued a ruling report in Geneva, arguing that the EU imposed high anti-dumping duties on Chinese-made steel fasteners in violation of WTO rules. This is an important case in which China has resorted to the World Trade Organization for the first time since 10 years since its accession to the WTO, and is expected to win a successful case. At the same time, it is also the case that the EU has encountered trade policies in countries that it considers to be non-market economies. A frustration. According to the EU's relevant trade policy, once a company comes from a non-market economy country, they are part of a collective, so there can only be a uniform tax rate. In the EU's decision on anti-dumping of fasteners in early 2009, Chinese companies were uniformly imposed an anti-dumping duty of up to 87% for a period of five years. In January 2011, the EU and China jointly sought to extend the deadline for appealing the fastener case to the World Trade Organization (WTO), extending the above-mentioned deadline to March 25, and neither party will be before March 22. Will appeal. It is understood that unless the WTO supports the EU's appeal, the fastener case will most likely force the EU to adopt the "business-to-business" standard when levying anti-dumping duties, that is, the EU cannot impose a uniform high tax rate on Chinese companies. Instead, a separate tax rate should be adopted. The WTO will have 60 days to deal with this appeal filed by the European Union.

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