According to a report by Bloomberg on January 5, the EU will continue to impose a five-year anti-dumping duty on stainless steel fasteners from mainland China and Taiwan to curb its competition with EU manufacturers.
The EU once again imposed a tariff of up to 27.4% on imported stainless steel fasteners. It aims to assist European producers such as Bontempi Vibo SpA in Italy and Bulnava SRL, Reisser Schraubentechnik in Germany, and Ugivis SA in France. And Taiwanese exporters sell fasteners in Europe at below-cost prices, that is, there is dumping behavior.
"If you cancel the current anti-dumping measures, products from mainland China and Taiwan are likely to continue to dump in the EU market," said the 27th EU Group in Brussels on the 5th. The five-year delay in anti-dumping will take effect after being announced in the Official Journal of the European Union.
According to the report of the European Union’s Group of 27, between September 2009 and September 2010, the stainless steel fasteners in mainland China and Taiwan together accounted for 7.2% of the EU market share, compared with 6.9% in 2007. The EU will levy as high as 23.6% for Taiwan's stainless steel fasteners and 27.4% for China's mainland. The specific tax rate will vary according to different companies.
In November 2010, the EU conducted an anti-dumping sunset review of stainless steel fasteners in mainland China and Taiwan. During the review, the original tax rate continues to be valid.
When the European Union began its sunset review, the European Union lifted anti-dumping duties on stainless steel fasteners from Indonesia, Thailand and Vietnam. The EU-27 stated that from September 2009 to September 2010, other countries that exported fasteners to European countries, including India, the Philippines, and Malaysia, accounted for 36% of the EU market share, while in 2007 they accounted for 22.6%.
"It seems that the EU imposes anti-dumping duties on products from mainland China and Taiwan. This measure will benefit exporters from third countries, especially India, the Philippines and Malaysia," the European Union pointed out.
In January 2009, the EU imposed anti-dumping duties of 26.5% to 85% on Chinese steel fasteners (except stainless steel). In July 2009, China initiated the WTO dispute settlement procedure on EU anti-dumping measures against Chinese fasteners. In December 2010, the WTO found that EU anti-dumping measures for fasteners were in violation of regulations, and suggested that the EU adjust relevant regulations in accordance with WTO rules. In July 2011, the WTO finally ruled that China won the EU trade dispute over fasteners.
The EU once again imposed a tariff of up to 27.4% on imported stainless steel fasteners. It aims to assist European producers such as Bontempi Vibo SpA in Italy and Bulnava SRL, Reisser Schraubentechnik in Germany, and Ugivis SA in France. And Taiwanese exporters sell fasteners in Europe at below-cost prices, that is, there is dumping behavior.
"If you cancel the current anti-dumping measures, products from mainland China and Taiwan are likely to continue to dump in the EU market," said the 27th EU Group in Brussels on the 5th. The five-year delay in anti-dumping will take effect after being announced in the Official Journal of the European Union.
According to the report of the European Union’s Group of 27, between September 2009 and September 2010, the stainless steel fasteners in mainland China and Taiwan together accounted for 7.2% of the EU market share, compared with 6.9% in 2007. The EU will levy as high as 23.6% for Taiwan's stainless steel fasteners and 27.4% for China's mainland. The specific tax rate will vary according to different companies.
In November 2010, the EU conducted an anti-dumping sunset review of stainless steel fasteners in mainland China and Taiwan. During the review, the original tax rate continues to be valid.
When the European Union began its sunset review, the European Union lifted anti-dumping duties on stainless steel fasteners from Indonesia, Thailand and Vietnam. The EU-27 stated that from September 2009 to September 2010, other countries that exported fasteners to European countries, including India, the Philippines, and Malaysia, accounted for 36% of the EU market share, while in 2007 they accounted for 22.6%.
"It seems that the EU imposes anti-dumping duties on products from mainland China and Taiwan. This measure will benefit exporters from third countries, especially India, the Philippines and Malaysia," the European Union pointed out.
In January 2009, the EU imposed anti-dumping duties of 26.5% to 85% on Chinese steel fasteners (except stainless steel). In July 2009, China initiated the WTO dispute settlement procedure on EU anti-dumping measures against Chinese fasteners. In December 2010, the WTO found that EU anti-dumping measures for fasteners were in violation of regulations, and suggested that the EU adjust relevant regulations in accordance with WTO rules. In July 2011, the WTO finally ruled that China won the EU trade dispute over fasteners.
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