The World Trade Organization on 3rd, Dec, 2010 ruled that anti-dumping measures imposed by the European Union on imports of Chinese metal fasteners, such as screws, nuts and bolts, were illegal. China wins during this trade dispute.
China is the world's biggest producer of screws, nuts, bolts and washers, while the European Union is its biggest market for these products. The export value of fastener from China to EU is 575 million euros. However, EU initiate antidumping measure, with tariffs on imports of some Chinese steel and iron fasteners, ranging from 26.5 percent to as high as 85 percent. In this case, China brought the case to the WTO in July 2009.The WTO's decision marked China's first win against the EU.
According to WTO regulation, parties to the case have 60 days to file appeals.
