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Home > News > Industry Activities > “War of nut”: The first case of victory that China wins over European Union in WTO

“War of nut”: The first case of victory that China wins over European Union in WTO

By CFM , 2016-05-27 11:35:14

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Every time when EU tries to fasten the nut of a trade war, China makes it loose.

There exists a great disparity of strength between the two parties of the “war”. One is the powerful European Commission and the other is China Fastener Industry, which is represented by Jiaxing Industries that are advantaged in numbers but weak in strength.
It has been almost 10 years for the fight of the anti-dumping between the two parties.

On Feb. 27th, 2016, European Commission decides to formally cancelled the anti-dumping measurements against China Steel Fastener, based on the relevant rules ruled by Dispute Settlement Body of WTO. It is an announcement of a hard-won victory. On the day of the release, China Fastener Industry return to EU market again.

The “war of nut” is deemed as the first case of victory that China wins over EU in WTO. But take a deep insight into the case, it is actually a roadmap of China Manufacture Industry’s moving forward to the world market. During the moving forward, on the one hand, China Manufacture Industry get to be familiar with the world trade practice actively and try to become an active participant of guarding fair trade from a beginner. On the other hand, China Manufacture Industry try to improve the upgrading and transformation.

It has been 7 years since China Fastener Enterprises haven’t obtained the orders from EU. Now again China Fastener Enterprises return to European Union Market!

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