By the 12th October the European Union is expected to confirm the continuation of anti-dumping measures, first applied in early 2009, on certain steel fasteners from the People’s Republic of China but to reduce the levels of tariffs applied.
Fastener + Fixing Magazine executive editor, Phil Matten reports that the European Commission has published a detailed proposal, which will go before the EU Council of Ministers during the first week of October. The proposal is the outcome of a review, which the Commission initiated in March, to bring anti-dumping regulation 91/2009 into conformity with rulings from the WTO Panel and Appellate Bodies. These were made last year in response to complaints from China. The EU was required to agree a “reasonable period” within which it would make the required changes to its legislation: this expires on 12th October.
The proposed regulation will already have been scrutinised by representatives of all EU member states and it would be extremely unusual for the European Council not to adopt it as presented. The proposal confirms that the EU was correct in its original determination that dumping had occurred and that this had resulted in material injury to the EU fastener manufacturing industry. (…)© Copyright Fastener + Fixing Magazines 2012.
