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WTO Condemns EU'S Anti-Dumping Actions Against Footwear In China

2010/8/14 10:42:00 29

According to the financial times,

European Union

It has been condemned by the World Trade Organization (WTO) for its tariffs on imported goods which are regarded as unfair pricing.

From footwear to glazed tiles, the attitude of WTO has a potential impact on many products.

This is a notable victory for China. In an initial report, an expert group of WTO ruled that the EU violated the global trade rules by resorting to the so-called "anti-dumping" measures and levying national tariffs on imported products.

The case is another example of a trend in international trade diplomacy, that is, the WTO member governments seek to circumvent anti-dumping measures and other emergency import barriers adopted by their trading partners by lodge complaints in WTO.

The case involves China.

Imported

The screws and bolts of these products face a 85% additional tariff when they enter the EU, on the ground that Brussels believes they are dumping in Europe at below market prices.

But WTO, the global trade watchdog group, ruled that additional tariffs should not apply to all Chinese exporters, even in terms of trade, which is regarded as a "non market economy" in Europe.

The WTO panel's position is not to reject anti-dumping duties on bolts or any other product categories.

But it seeks to ensure that such tariffs are specific to specific companies, not to all potential exporters.

"This will represent a comprehensive change in the way it is currently used, that is, to make all the changes available.

Exporter

As a whole, there are few exceptions, "said Edwin Vermost, a trade lawyer in Brussels.

"This is a matter of principle for China."

The report means that since China joined the WTO 8 years ago, China's first complaint against the European Union is expected to succeed.

"The amount involved in this case is not huge, but it will have a shock wave on other anti-dumping cases," a person who listened to the report said.

This preliminary ruling, if expected, will be confirmed and appealed next month, which will force the EU to reconsider its anti-dumping duties against other non market economies (such as Vietnam and Albania).

At present, the EU has imposed additional tariffs on bicycles, textiles and footwear in China. There are also rumors in the trade law circle that the EU is considering new tariffs on certain high-tech products.

In recent years, governments have been more willing to challenge WTO anti-dumping laws.

There are many appeals seeking to stop the United States from adopting the controversial "zeroing" method, which is to exclude data that is unfavorable to them when calculating anti-dumping duties.