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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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.