The European Union extended to the Philippines a tariff on stainless-steel screws and bolts from China, saying Chinese exporters used the country to evade the levy meant to aid EU producers like Italy’s Bontempi Vibo SpA.
The EU said Chinese exporters of stainless-steel fasteners shipped them to Europe via the Philippines to dodge the 27.4 percent duty. This is the outcome of a probe that also covered Malaysia and Thailand, where the EU concluded that no Chinese circumvention took place.
The import tax “was circumvented by trans-shipment via the Philippines,” the 27-nation bloc said in a decision today in Brussel (…)
via EU Extends Levy on Chinese Stainless-Steel Screws to Philippines – Businessweek.