News 

Days ago China launched its request through WTO for the consultation with EU regarding the imposition of antidumping measures up from 22.9% to 74.1% against steel fasteners exported from China. China said that the calculation of tax rates does not conform to the regulations of WTO and asked for further discussion and review with EU 2 years after the WTO Panel found flaws on the tax calculation of EU. After the request, EU has to make a response within 15 days. 

China thinks that though the tax rates have been reduced from the original 26.5%-85% to the current 22.9%-74.1%, the actual condition does not 100% match with the investigative results made by EU and the rates are still too high.

China added, despite that member countries of EU can impose antidumping measures on other countries, which they think their products imported into EU are priced much lower than they are sold in the local markets, obviously the calculation of rates now is not compliant with the regulations of WTO. These products are generally used for the applications of automobiles, home appliances, and machines.

It is understood that about 200 Chinese companies are affected by the measures. A report by the members of WTO Panel found that not only the Chinese companies face the incorrectly calculated rates, countries within the region also face the same problem.