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WTO calls for end to EU duties on Chinese screws | WTO calls for end to EU duties on Chinese screws |
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The European Union (EU) has been told to stop levying import duties on Chinese screws, nuts and bolts. | The European Union (EU) has been told to stop levying import duties on Chinese screws, nuts and bolts. |
The ruling by the World Trade Organization (WTO) marks the first time the trade body has ruled against the EU in favour of China. | The ruling by the World Trade Organization (WTO) marks the first time the trade body has ruled against the EU in favour of China. |
The panel of WTO experts said the EU's import duties broke trade rules and said they must be revised. | The panel of WTO experts said the EU's import duties broke trade rules and said they must be revised. |
According to the organisation's rules, both sides now have 60 days to appeal the ruling. | According to the organisation's rules, both sides now have 60 days to appeal the ruling. |
The EU imposes duties on imports from countries such as China, Vietnam or Cuba, which it considers not to be market economies. | |
WTO rules allow for extra duties where imports are sold at less than they would cost in the country of origin, a process known as "dumping". | |
The Chinese claim stated that the EU had wrongly calculated the threshold, a complaint the WTO upheld. | |
"The... rulings make it clear that the EU's anti-dumping legislation and practice are discriminatory and inconsistent with WTO rules," China said in a statement. | |
However, the WTO did not uphold all the Chinese complaints. | |
China and the EU have been involved in an escalating trade dispute with China imposing its own tariffs on European products. |