Chinas fasteners will re-open the door to European market
According to the China Trade Relief Information Network March 1 news, February 27, 2016, the European Commission issued a notice that, according to the WTO dispute settlement agency's ruling, decided to release the next day from the announcement of the official release of steel in China Anti-dumping measures, while canceling the anti-circumvention measures from the re-exports of fasteners in Malaysia.
China after nearly seven years of WTO litigation, and ultimately the EU to lift the anti-dumping measures fasteners. However, since the EU in 2009 on China's fastener products imposed high anti-dumping duties since China's related industries and employment suffered a huge loss. China hopes that the EU anti-dumping measures to revoke, the two sides of the normal trade fasteners can be restored as soon as possible to promote bilateral economic and trade relations continue to move forward.
For China's fastener industry, this is a wait for seven years of the announcement. This means that China's fasteners will re-open the door to the European market.