Trade arbitrators have said the EU wrongfully imposed anti-dumping duties on Chinese screws, in a verdict which could help China’s bid for market economy status.
The decision, on Monday (18 January) by the Geneva-based World Trade Organisation (WTO), ends a seven-year legal battle.
The EU imposed punitive tariffs on Chinese iron or steel screws, nuts, and bolts in 2009 on grounds that China sold them at below-market prices to undercut competition - a practice known as “dumping.”...
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