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EU amends anti-dumping measures on China

By Fastener + Fixing Magazine , 2012-10-13 12:00:00

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The European Union on 10th October published Regulation 924/2012, amending Regulation 91/2009 which imposed anti-dumping tariffs on certain steel fasteners imported from China.
       
As expected, and reported by Fastener + Fixing Magazine in September, the new regulation confirms the continuation of anti-dumping measures against Chinese steel fasteners, but has reduced the tariff levels slightly. The regulation confirms that the EU was correct in its original determination that dumping had occurred and that this had resulted in material injury to the EU fastener manufacturing industry. 
 
The Commission has recalculated the tariff levels applied to imports of the cited products reducing the headline tariff level from 85% to 74.1%. Tariffs applied to around 90 exporters that cooperated with the original investigation will reduce from 77.5% to 54.1%. Tariffs for eight companies that received individual treatment during the original investigation are amended. There is one addition to the original schedule of tariffs, with Bulten Fasteners (China) Ltd being accorded a zero level tariff.
 
The new regulation comes into force on 11th October. It appears unlikely, says Fastener + Fixing executive editor, Phil Matten, to make any significant changes to the pattern of fastener imports to the EU. The application of the tariffs in early 2009 resulted in importers shifting their orders to Taiwan and other Asian countries. While the proposed lower tariffs on Chinese imports will close the duty paid price gap indications from importers are that there is little real incentive for importers to revert to ordering from China.
 
In publishing the new regulation the EU looks to have met its obligations to the WTO without undermining the effect of the anti-dumping measures on China. These now seem set to remain in place until at least 2014, at which time EU fastener producers will be able, should they choose, to request a termination review that could result in their extension for a further five years. 
 
Copies of Regulation 924/2012 in each EU official language can be downloaded from the Official Journal page L275, 10.10.12 © Copyright Fastener + Fixing Magazines 2012.
 
 

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