EU Implements New Anti-Dumping Duty

09/02/2009 12:00 - 683 Views

BRUSSELS, Belgium - The European Union has implemented a new anti-dumping duty. Earlier this year, Bike Europe already published the European Commission’s proposal to levy a 85% anti-dumping duty on iron or steel ‘fasteners’ (screws and bolts) originating in China. This new anti-dumping duties is effective as of 26 January 2009.

Although the European Commission did send a proposal for ‘Imposing a definitive anti-dumping duty on imports of certain iron or steel fasteners originating in the People’s Republic of China’ to the European Council already on January 6th, it took more than 3 weeks before the final decision came through.

The 85% duty will be imposed on all companies located in Peoples Republic of China except for: Biao Wu Tensile Fasteners Co., Ltd. 69.9%; CELO Suzhou Precision Fasteners Co., Ltd. 0%; Changshu City Standard Parts Factory en Changshu British; Shanghai International Fastener Co., Ltd. 63.1%; Golden Horse (Dong Guan) Metal Manufactory Co., Ltd. 26.5%; Kunshan Chenghe Standard Components Co., Ltd. 79.5%; Ningbo Jinding Fastener Co., Ltd. 64.4%; Ningbo Yonghong Fasteners Co., Ltd. 78.3%; Yantai Agrati Fasteners Co., Ltd. 0%; Co-operating companies not included in the sample 77.5%.

Author : Jan-Willem van Schaik

Published @ 03-02-2009

Source: www.bike-eu.com