EIFI notes with disappointment the publication and entry into force of Regulation 2016/278 which annuls the anti-dumping duties on iron and steel fasteners originating in China and Malaysia. The duties were in place because Chinese producers were dumping fasteners on the EU market causing direct injury to Union producers and the Union market itself. The duties also applied to fasteners from Malaysia because Chinese traders were using that country to circumvent the duties on China.
Dumping is an unfair trade practice which is subject to sanction under the WTO’s global trade rules. This is because dumping can destroy markets and innovation and drive efficient producers out of business. WTO law allows Members to protect their markets against these unfair trade practices.
The EU fasteners industry is made up a large number of small and medium sized family producers. It employs directly around 30,000 people across (…)