Trade arbitrators have said the EU wrongfully imposed anti-dumping duties on Chinese screws, in a verdict which could help China’s bid for market economy status.
The decision, on Monday (18 January) by the Geneva-based World Trade Organisation (WTO), ends a seven-year legal battle.
The EU imposed punitive tariffs on Chinese iron or steel screws, nuts, and bolts in 2009 on grounds that China sold them at below-market prices to undercut competition - a practice known as “dumping.”...
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.