| China's Ministry of Commerce started Monday an anti-dumping investigation into carbon steel fasteners imported from the European Union (EU), the country's latest response to the latter's proposed high anti-dumping duties on Chinese fastener exports.
An application for a probe was filed on Dec 1 by the fastener branch of the China General Machine Components Industry Association (CMCA) on behalf of Chinese fastener producers, the ministry said Monday in a statement.
The move came after the European Commission voted to adopt anti-dumping duties of 63 to 87 percent on China-made fasteners over the next five years from Dec 1. The vote must be approved by trade ministers of the 27-nation bloc within a month or it will not come into force.
EU trade experts have complained that an increase of Chinese fastener imports hurt the European manufacturers. Chinese exporters rebutted the accusation, saying the profitability of the European manufacturers increased 110 percent in the period between 2003 and 2007.
The EU accounted for about a third of China's total fastener exports. It imported around 575 million euros ($805 million) of fasteners from China in 2007, according to Zhang Feng, a fastener guild official at the Jiaxing City of eastern China's Zhejiang province.
Meanwhile, China's annual fastener imports from the EU totaled $180 million, said Feng Jinyao, director of the CMCA's fastener industry association.
Most EU-exported fasteners were used on high-end products such as vehicles and electrical appliances, while a large increase in supply and price cuts by the EU producers had squeezed China-made fasteners and forced them to low-end markets, said Feng.
The anti-dumping probe would involve carbon steel fasteners used in making products like cars, electronic and electrical equipment and machinery, said the ministry.
The investigation would normally be finished with in a year, but could take until June 29, 2010, the ministry said.
Source: Xinhua
On December 1, 2008, Ministry of Commerce received a petition filed in proper form submitted by Chinese Fasteners Industry Association on behalf of Chinese domestic certain iron or steel fasteners industry to apply for anti-dumping investigation on imported certain iron or steel fasteners originating from the European Community.
In accordance with relevant regulations of the REGULATIONS OF THE PEOPLE'S REPUBLIC OF CHINA ON ANTI-DUMPING, Ministry of Commerce carried out relevant examinations on petitioner qualifications, related conditions of investigated products, related conditions of same category products as well as influences of investigated commodities on domestic industry. In addition, Ministry of Commerce examined and approved evidences listed in the petition such as dumping, injury, and causal link between the two. Preliminary evidences indicated the complainant fulfils the representativeness requirement for applying for anti-dumping investigation as set out in Article 11, Article 13 and Article 17 of the REGULATIONS OF THE PEOPLE'S REPUBLIC OF CHINA ON ANTI-DUMPING. The petition also contains required contents and related evidences of Article 14 and Article 15 of the REGULATIONS OF THE PEOPLE'S REPUBLIC OF CHINA ON ANTI-DUMPING on initiation of anti-dumping investigation.
In terms of the above examination results and Article 16 of the REGULATIONS OF THE PEOPLE'S REPUBLIC OF CHINA ON ANTI-DUMPING, Ministry of Commerce decides to initiate an anti-dumping investigation against the imported certain iron or steel fasteners originating from the European Community. Relevant matters are now announced as follows:
The period of dumping investigation is July 1, 2007 to June 30, 2008 and the period of industry injury investigation is January 1, 2005 to September 30, 2008.
The scope of the product under investigation is imported certain iron or steel fasteners, i.e. wood screws, self-tapping screws, other screws and bolts with heads (whether or not with their nuts or washers, but excluding screws and bolts for fixing railway track construction material and excluding screws of shank thickness not exceeding 6mm) and washers, originating in the European Community, normally declared within PRC Customs Import Tariff Codes 73181200, 73181400, 73181500, 73182100 and 73182200. These tariff codes are only given for information.
This investigation starts on December 29, 2008, and usually will be ended before December 29, 2009. It may be prolonged to June 29, 2010 in case of particularity.
Contact:
Bureau of Fair Trade for Imports and Exports of the Ministry of Commerce
Tel: 86-10-65198196, 65198747
Fax: 86-10-65198164
Bureau of Industry Injury Investigation of the Ministry of Commerce
Tel: 86-10-65198438, 65198193
Fax: 86-10-65198437
Ministry of Commerce
December 29, 2008
(All information published in this website is authentic in Chinese. English is provided for reference only. )
Source: Ministry of Commerce of the People's Republic of China 2008-12-29 14:10:00 |
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