Ningbo fasteners will launch offensive in the second half of the year to recover the EU market

China’s first lawsuit against the European Union in the WTO was settled, and the WTO appeals agency recently finalized anti-dumping measures against EU fasteners. On July 17th, the head of a number of fastener companies in Ningbo told the author that this news encouraged them to open up the confidence of the EU market and that they would launch an offensive to recover the EU market in the second half of the year.

The WTO Appellate Body found in the ruling report issued on the 15th that the EU's Anti-Dumping Regulations Article 9(5) on the separate tax rate of the legal provisions violates the WTO rules. At the same time, the Appellate Body overturned some of the rulings of the Group of Experts in support of China’s position and ruled that the EU’s anti-dumping measures against Chinese carbon screws, nuts, bolts and other carbon steel fasteners should be fairly determined in the domestic industry, normal value and export price, etc. It also violates WTO rules.

"This is not only a victory for China's industry, but also a victory for the WTO rules," said Zhang Shengze, secretary general of the Ningbo Fastener Industry Association. He believes that although the final ruling of the WTO will be transformed into substantial benefits, it will take some time, but for Ningbo fastener enterprises to develop the EU market to eat a "centering pill", "a lot of fastener manufacturers have already called to confirm the news, they believe It will take a long time before the EU will eventually cancel the irrational anti-dumping duties imposed on China's fastener products."

Ningbo is the "Capital of Fasteners in China" and its fastener production accounts for more than a quarter of the country. In January 2009, the European Union decided to impose an anti-dumping tariff of 26.5% to 85% on China's carbon steel fastener products, resulting in Ningbo's fastener exports falling by 54.8% and the absolute value of exports decreasing by 400 million U.S. dollars. Many companies even The EU has dropped to zero exports.

In the past two years, Ningbo fastener enterprises have used a circuitous tactic to escape the anti-dumping barriers of the European Union through offshore investment, transit trade and other means. The European market, which once fell significantly, has gradually recovered. In the first four months of this year, Ningbo exported 15,000 tons of steel fasteners to the EU, a year-on-year increase of 16.6%, and the export situation continued to improve.

The industry generally believes that China won the dispute with the EU on fasteners and won a new market space for Ningbo, the fastener capital of China. In the second half of the year, Ningbo’s fastener exports to the EU are expected to recover. Sexual growth track.