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| Version 1 | Version 2 |
|---|---|
| WTO calls for end to EU duties on Chinese screws | WTO calls for end to EU duties on Chinese screws |
| (1 day later) | |
| 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 against the ruling. | |
| The EU imposes duties on imports from countries such as China, Vietnam or Cuba, which it considers not to be market economies. | 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". | 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 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. | "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. | 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. | China and the EU have been involved in an escalating trade dispute with China imposing its own tariffs on European products. |