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    Some Products Are Expected To Be Rehabilitated By EU'S Additional Tariffs.

    2010/8/16 15:43:00 48

    EU Anti-Dumping

      

    Foreign media 15 reported that

    World Trade Organization

    (WTO) in a preliminary report, a panel of experts ruled that the European Union, by virtue of the so-called anti-dumping measures, imposed a uniform tariff on imported products, which violated the global trade rules.

    At present, products such as footwear and textiles, which are being imposed by the European Union on additional tariffs, 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.

    But it seeks to ensure that such tariffs are specific to individual companies based on specific circumstances, not all possible.

    Exporter


    Background news


      

    European Union

    Since October 7, 2006, anti-dumping duties have been imposed on leather shoes made in China, 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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