China won a trade dispute with the European Union over fasteners, the WTO Appellate Body said Friday. The head of the treaty and Law Department of the Ministry of Commerce welcomed the ruling Tuesday, saying that China's victory in the case is of great significance, which will help improve the competitive environment of Chinese enterprises in the international market, including the European Union, and will also enhance the confidence of WTO members in the WTO rules and multilateral trading system. "This is not only the victory of China's industry, but also the victory of WTO rules." The person in charge.
The Appellate Body of the World Trade Organization (WTO) decided in its decision report issued on the 15th that Article 9 (5) of the EU's basic regulations on anti dumping violates the WTO rules on separate tax rates. At the same time, the Appellate Body overturned some of the decisions of the expert group, supported the position of China, ruled that the EU's anti-dumping measures against carbon steel fasteners such as Chinese screws, nuts and bolts were recognized in the domestic industry Fair comparison of fixed, normal and export prices also violates WTO rules.
According to the head of the Department of article and law of the Ministry of Commerce, the EU is one of the WTO members that initiated the most anti-dumping investigations on Chinese products. The article 9 (5) of the basic anti-dumping regulations on the separate tax rate has long made Chinese enterprises suffer unfair treatment.
