China Hits Back at EU in Trade Spat
December 23, 2009
Related articles
Indonesia-Missouri Business Partnership Signed 10:06pm Jan 16, 2012
China Reports Surprisingly Strong Trade Figures 11:43am Dec 10, 2011
Brazil: We Want to Deepen Ties With ‘Influential’ Indonesia 9:31pm Oct 6, 2011
Trade Barriers on RIM May Harm Sector 10:20pm Sep 8, 2011
Japan Economy in Doubt on July Orders 8:47pm Sep 8, 2011
Post a comment
Please login to post comment
Comments
Be the first to write your opinion!
Beijing. China on Wednesday slapped antidumping duties on imports of steel fasteners from the European Union, just a day after the EU formally voted to extend import duties on shoes from China and Vietnam.
A review found that Chinese producers of certain types of fasteners, including screws and washers, had been materially injured by dumping by EU companies, the Ministry of Commerce said in a statement.
“We see this as a good thing, and support the government,” said Feng Jinyao, head of the China Fastener Association, which is fighting European duties on Chinese fasteners imposed late last year.
“We believe EU-made screws always hurt us and affect the development of Chinese domestic manufacturing capacity. Because of them, we’re unable to make these products.”
The antidumping duties, ranging from 16.8 percent for those made by KAMAX-Werke Rudolf Kellermann to 24.6 percent for all other manufacturers, will be enforced starting on Monday.
China has been involved in a tussle with the EU over fasteners this year, just one of a series of trade complaints lodged against Beijing by its trading partners. It has become more willing to match actions against its products by trading partners with its own investigations of their exports.
The EU imposed its own anti-dumping duties on some Chinese-made screws and bolts in January, a decision that China later challenged at the World Trade Organization.
As well as shoes, the United States has complained about China dumping tires and China lost a WTO appeal against a ruling that orders Beijing to free up distribution of US films, music and books.
The WTO this week upheld an initial August ruling that China was breaching international trade commitments by blocking foreign-owned companies from acting as importers and wholesalers of films.
China has grown more ready to bring cases of its own to the WTO, something many analysts say is a healthy sign it is becoming a more active member of the trade body.
In the latest instance of trade tensions, EU ministers voted on Tuesday to extend import duties on shoes from China and Vietnam by 15 months, despite a vote on Nov. 19 by the EU’s antidumping committee to reject plans to extend the tariffs.
China said it was unhappy with the decision and would take action via the WTO.
Reuters
- Another Indonesian Pilot Busted in Airline Drug Test
- ‘The Phantom of the Opera’ Unveils Itself to Jakarta Audience
- 12 Detainees Pull Off Brazen Jakarta Jail Break
- Bali’s Rising Violent Crime Rate Could Threaten Tourism Industry
- Indonesia Property Demand to Rise With Economy
- Malaysian Girl Speaks Indonesian After Freak Accident: Report
- Sumitomo Bets on Indonesia’s Growing Need for Electricity
- Indonesians Buying Up Most Expensive Homes in Singapore
- Indonesian Police Arrest Czech Tourist in Papua
- Jakarta 'Healer' Touches Clients’ Penises to ‘Remove Evil Spirits’
-
1:39pm | Editorial: When 240 Million Mo...
Serenityjam, with all due respect, I think you fail to understand the concept of food security Your quote - "When the family has a steady source o -
1:02pm | Nasrep, Tommy and the Smiling ...
Yohanes/Turnbull Gents, you ask a very relevant question with a proposition that for Indonesia to move forward, it needs to take a few steps -
12:54pm | Foreigners Buy a Third of Priv...
serenityjam...... Same apples, but from a different cart. -
12:33pm | Malaysian Girl Speaks Indonesi...
We should always leave something in our minds an openness to accept strange phenomena such as this one about speaking other languages. -
12:27pm | Justice Minister Removed From ...
ETHICS = a system of moral principles. "Ethics Board" in Indonesian Government..gimme a break! -
12:22pm | Editorial: When 240 Million Mo...
One major and drastic move to ensure food security is to educate our people to shift from eating less rice and noodles. Rice is a cr -
12:17pm | Indonesians Buying Up Most Exp...
Money laundering at its best. New high end condominiums in Singapore will start selling in Jakarta first before they sell to locals. Of course, in -
12:14pm | Indonesia Property Demand to R...
Taking into consideration of Indonesia's surging economy, growing urbanisation, relative political stability, strong savings and income growth, co
