In China Industry group opposes EU tariff on steel fasteners

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The EU on March 27 announced its decision to re-impose the duty of as many as 74.1 per cent of imports from China.

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Chinese industry association on Wednesday, April 8, strongly opposed European Union's decision to extend an anti-dumping duty on imports of steel fasteners from China.

China Chamber of Commerce for Import and Export of Machinery and Electronic Products, a non-government organisation, urged the EU to respect the rules of the World Trade Organisation (WTO) and rectify its practices.

The EU on March 27 announced its decision to re-impose the duty of as many as 74.1 per cent of imports from China for certain steel fasteners.

There is a likelihood of recurrence of dumping to the Union market, should the measures be allowed to lapse,’’ the European Commission said in a statement.

The EU imposed the anti-dumping duty for five years in January 2009, prompting the Chinese government to file a complaint against the bloc at the WTO.

WTO in 2011 ruled against the EU measures.

As a response, the EU reduced the levies to an average of 54.1 per cent from 77.5 per cent in 2012.