Chinese Enterprises Involved in the Case: EU Anti-dumping Investigation on China Fasteners Lacks Evidence
Author: ChinaFastener.com
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Date:
2008-9-9
Source: Chinafastener.com
Head of JIAXING ASSOCIATION FASTENERS IMP. & EXP. COMPANIES expressed in Brussels on Feb, 25th that EU anti-dumping investigation on China fasteners is lacking of evidence, which will also harm the interests of European consumers.
The Association Secretary-General Tu Zhiqing stated to Chinese medium in Brussels that the antidumping investigation is not proven, since Chinese fastener products and most EU fastener products lacks of homogeneity and have different target customers and customer group. There is not direct competition between Chinese products and EU products, so it is lack of the main factor for industrial damage. In addition, with increasing export costs and the rising prices of raw materials caused by the continued appreciation of RMB, the export price of fastener in mainland China has increased by 50%, which leads the antidumping investigation undergo major changes.
Tu Zhiqing expresses that it is unfair for European Commission to perform antidumping investigation on fasteners manufactured and exported in mainland China unilaterally. It is a kind of trade protection measures, which will also distort the healthy trade relationship between EU and China. He said that taking antidumping measures does not only harm Chinese enterprises, lead more challenges for EU importers and its employment, but also increase production cost of EU downstream industries, which will ultimately increase the burden on EU customers.