EU appeals against WTO Chinese fastener ruling

25th March 2011, Comments 0 comments

The European Union has appealed against a World Trade Organization ruling on anti-dumping duties imposed on lucrative imports of Chinese screws, nuts and bolts, the WTO said on Friday.

A WTO panel last December upheld a complaint Beijing filed against the EU in 2009 over punitive tariffs ranging up to 85 percent on iron and steel fasteners.

China is the world's biggest producer of screws, nuts, bolts and washers, while the 27 nation European bloc is its biggest market.

The EU imported 575 million euros ($760 million) worth of Chinese fasteners in 2007, according to the Jiaxing Association of Chinese Fastener Producers.

The EU announced its appeal during a meeting of the global trade watchdog's disputes settlement body, a WTO spokesman said.

Rulings by the separate appeals body normally take about three months.

The WTO's decision on unfair discrimination was China's first WTO win in a dispute against the EU.

© 2011 AFP

0 Comments To This Article