Anti-dumping wins, the EU market is expected to open again!

In January 2009, the European Union decided to impose anti-dumping duties of 26.5% to 85% on Chinese fasteners for a period of five years. In July 2009, China sued the European Union to the WTO and tried to appeal to the WTO dispute settlement mechanism. This also became the first case in which China joined the WTO in the past decade to prosecute the EU.

On December 3, 2010, the WTO's expert team issued a ruling report to support China's all-out proposition on the issue of separate tax rates and some of its claims on fastener anti-dumping measures. On March 25, 2011, the European Union appealed the ruling. On March 30, the Chinese side appealed separately on issues that were not supported by the expert group.

After a lapse of half a year, the WTO made a ruling by the EU on the following two grounds, and the Chinese won a ruling: 1. The current anti-dumping provisions must be directed against a certain company, and cannot be directed against a certain country; 2. The EU failed to prove its 300 tightness. Most of the firmware manufacturers were damaged, and only 27% were affected.

A two-year anti-dumping lawsuit on fasteners was finalized on the 15th. This was a long-lost and hearty success for the fastener industry and even for the Chinese manufacturing industry.

The spread of good news brought a warm feeling to the industry. The sixth Guangzhou Fastener Trade Show | Ms. Chang, the person in charge of the Golden Spider Exhibition, reminded that the current pressure on the fastener industry in China is not only "- Anti-dumping abroad, as well as "internal worries" - Financing difficulties, labor shortages, electricity shortages, rising costs of raw materials and labor, rising plant rents... This series of unfavorable factors has created tremendous pressure and will continue to exist. . Therefore, to break this predicament, it is imperative for enterprises to accelerate their transformation and upgrading.

According to reports, the 6th Guangzhou Fastener Trade Fair, which is emerging from the market, will be held at the Poly World Trade Center in Guangzhou from November 11th to December 12th, 2011. It aims to interpret the event's global innovation with fruitful results. The theme of “power” promotes the transformation and upgrading of the “12th Five-Year” fastener industry. This may be a big opportunity for the fastener companies to make a transition.

Before this, company executives often asked the reporter about the outcome of the final verdict. When they were told of this good news, everyone said in unison: "Great, you can finally settle your mind!" Undoubtedly, this final result The Chinese fastener industry, which is currently a bit sluggish, has injected a strong booster.

It is reported that China is the world's largest fastener producer, and the EU is the main export market for fasteners in China. From 2007 to 2008, the amount of fasteners exported to the EU by the mainland China remained at more than one million metric tons. In 2009, due to the EU imposed high anti-dumping duties, the export volume fell sharply to only 340,000 metric tons. However, in 2010, exports rose again to 440,000 metric tons, which is a year-on-year increase of approximately 30%.

In fact, since the European Union imposed anti-dumping measures on fasteners in China, the pattern of import and export of fasteners in China has been quietly changing. China's fastener companies have taken the "Twelfth Five-Year Plan" as an opportunity to increase the added value of their products. While stabilizing the traditional European and American export markets, they have also increased the development of markets in emerging countries and regions and achieved diversified development of export markets.

Regarding the success of anti-dumping, Chang Sihang, head of the 6th Guangzhou Fastener Trade Show | Golden Spider Exhibition Organizing Committee pointed out that this victory was a good start and faced frequent trade barriers built by foreign countries. In addition to accelerating their “anti-strike” capabilities, China's fastener enterprises must also be good at using the relevant rules of the WTO, argue with reason, and safeguard their own rights and interests. The Guangzhou Show will also take this opportunity to invite European buyers to attend the show, which will help China's fastener companies gain more business opportunities.

According to customs statistics, the total number of fasteners exported from China in January-May 2011 was 1,011,350 tons, an increase of 25% year-on-year; the amount reached 1.735 billion US dollars, an increase of 46.55% year-on-year. At the same time, China imported 113,566 tons of fasteners from January to May, an increase of 6.31% over the same period of last year. The amount of imports reached 1.194 billion U.S. dollars, a year-on-year increase of 11.81%.

Industry insiders anticipate that the success of this anti-dumping case will help improve the competitive conditions of China's export commodities in the international market including the European Union, and will be a boost to the export growth of China’s fastener companies, and will be used as a basis for the advancement of fastener companies. Come to the opportunity.