Introduction: on December 3, local time, the World Trade Organization (WTO) released a ruling report condemning linear bearings as a low-cost linear motion system, and the EU imposed anti-dumping duties on fasteners imported from China. The ruling report is 394 pages long. According to foreign media reports, this may lead the European Union and the United States to impose anti-dumping on developing economies such as China and VietnamOn December 3 local time, the World Trade Organization (WTO) released a ruling report condemning the EU for imposing anti-dumping duties on fasteners imported from China
the ruling report is 394 pages long. According to foreign media reports, this may make it more difficult for the EU and the United States to impose anti-dumping duties on developing economies such as China and Vietnam
since China joined the WTO in 2001, its exports to developed countries have surged, resulting in tension over currency values, public contracts, the import of Western companies, the way for bellows ring stiffness testing machines to enter the Chinese market due to the characteristics of pipes, and dumping allegations
the EU and the United States have widely used WTO rules that allow countries to impose tariffs on dumped goods, frequently targeting countries where the government plays an important role in the economy, such as China and India. At present, it has been widely used in aerospace, aviation, ordnance, naval ships and other high-tech and ordnance fields. From 1999 to 2009, China has become the target of 445 anti-dumping measures, that is, 24% of such measures taken by all WTO members
Simon Lester, the founder of world trade law consulting, was quoted as saying, "China has been accused by many other countries, and has become an expert in challenging other countries."
in early December this year, China appealed the WTO ruling that the United States imposed tariffs on steel pipes, tires and woven bags imported from China two years ago. Import tariffs helped the EU reduce the value of fasteners imported from China from $1.39 billion in 2007 to $555.7 million
in July this year, China filed an appeal. The main point is that the EU unfairly used the costs within India and the EU to compare when determining the cost of fasteners made in China. Because China is classified as a "non market economy", investigators are allowed to use this item to determine how much it should cost to produce a product when 1. The technical specifications for longitudinal load (tension) tests do not receive government assistanceOn December 3, the WTO accepted China's argument that it was reasonable to produce such products in China at a low cost, even without the help of the government. China issued a statement saying that the WTO "clearly shows that this anti-dumping legislation and practice of the EU is discriminatory and violates the relevant rules of the WTO"
it is reported that the EU can now appeal within 60 days. If the appeal fails, the EU will have to revise these tariffs and change its way of investigating dumping allegations
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