China asks WTO to rule on trade dispute with EU on fasteners.GENEVA: China on Monday asked the World Trade Organisation to rule on a dispute with the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community over anti-dumping measures imposed by Brussels on imports of Chinese-made screws and bolts. "The Chinese government Ever since Republic of China founded in January 1st, 1912, China has had several regional and national governments. List
Beijing sought consultations with Brussels on the issue in July but it said the discussions "failed to lead to a satisfactory resolution of the matter." The latest move marked an escalation in the dispute following a final European Commission European Commission, branch of the governing body of the European Union (EU) invested with executive and some legislative powers. Located in Brussels, Belgium, it was founded in 1967 when the three treaty organizations comprising what was then the European Community decision in January to impose hefty tariffs on imports of some Chinese steel and iron fasteners, ranging from 26.5 percent to as high as 85 percent. China is the world s biggest producer of screws, nuts, bolts and washers, while the European Union is its biggest market. The EU imported 575 million euros (762 million dollars) worth of Chinese fasteners in 2007, according to the Jiaxing Association of Chinese Fastener Producers. "The Chinese government is determined ... to safeguard the legitimate interests of Chinese industries and to build up a healthy trading environment," the Chinese mission statement said. Muscat Muscat, Maskat, or Masqat (all: mŭs`kăt, mŭs`kət), city (1993 pop. 533,774), capital of Oman, SE Arabia, on the Gulf of Oman. It is flanked by rugged mountains. Press and Publishing House SAOC SAOC Studies in Ancient Oriental Civilization SAOC Sunbeam Alpine Owners Club (UK) SAOC Sector Air Operations Center SAOC South African Orchid Council SAOC Submariners Association Of Canada (Gloucester, ON, Canada) 2009 Provided by Syndigate.info an Albawaba.com company |
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