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EU Anti-Dumping Duties, Illegal Footwear, Textiles And Other Products Are Expected To Be Rehabilitated.

2010/8/16 10:52:00 59

Spin

  

Foreign media 15 reported that an expert group of WTO (WTO) ruled in a preliminary report.

European Union

By means of so-called anti-dumping measures and levying customs duties across the country, the rules of Global trade are violated.

The current European Union imposed additional duties.

Footwear, textiles

Products and other products are expected to be rehabilitated.


According to the financial times, the EU has condemned the World Trade Organization for levying additional tariffs on imported goods which are regarded as unfair pricing.

In a preliminary report, a WTO expert group ruled that the EU violated the global trade rules by using so-called anti-dumping measures and levying tariffs across countries on imported products.


Reported that WTO's attitude towards footwear, glazed tiles and other products have potential impact, which can be said to be a significant victory in China.

The report pointed out that the case involved screws and bolts imported from China, which were faced with a 85% additional tariff when entering the European Union, on the grounds that the European Union thought they were dumping in Europe at below market prices.


But WTO, the global trade watchdog group, ruled that additional tariffs should not apply to all Chinese exporters.

The WTO panel's position is not to reject anti-dumping duties on bolts or any other product categories.

However, it seeks to ensure that such tariffs are specific to specific companies, not to all potential exporters.


Background news


The EU has formally imposed anti-dumping duties on leather shoes from China since October 7, 2006, with the highest tax rate of 16.5%.

Because the case has caused great divergence within the EU, the EU Member States will eventually reduce their anti-dumping duty to 2 years from the usual 5 years.


In October 2008, when the formal anti-dumping measure should have expired, the European Commission decided to review the anti-dumping case of Chinese leather shoes in order to decide whether to extend the anti-dumping measures.


During the review period, the original anti-dumping measures are still applicable.

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