Anti-dumping on steel fasteners from China removed

Update time : 2017-06-27 01:13:16

Anti-dumping on steel fasteners from China removed

05-Apr-2016

Virtually out of the blue, the European Commission repealed the high anti-dumping duties on certain steel fasteners originating in China – throwing the European and Asian fastener industries into turmoil.

On Saturday 27th February 2016 the European Commission published Regulation EU 2016/278 in the Official Journal of the European Union, “repealing the definitive anti-dumping duty imposed on imports of certain iron or steel fasteners originating in the People’s Republic of China, as extended to imports of certain iron or steel fasteners consigned from Malaysia, whether declared as originating in Malaysia or not”.

The Regulation outlines the rulings against the EU by the WTO Dispute Settlement Body and its Appellate Body, the latest and most critical of which was circulated on 18th January 2016.

The Regulation then simply states: “In view of the findings (of the WTO Dispute Settlement Body) the Commission considers that in accordance with Article 1(1)(a) of the WTO enabling Regulation it is appropriate to repeal the anti-dumping duties imposed by Regulation (EC) No 91/2009, as amended by Implementing Regulation (EU) No 924/2012 and maintained by Implementing Regulation (EU) 2015/519.”

It also states clearly: “The repeal of the anti-dumping duties... shall take effect from the date of the entry into force of this Regulation... and shall not serve as a basis for the reimbursement of the duties collected prior to that date.”

The Regulation came into force the day after publication in the Official Journal, removing anti-dumping duties of up to 74.1% on 28th February 2016.

A full copy of the Regulation may be downloaded from the EU Official Journal in any of the twenty-four official languages of the EU.