Victory News: The United States To End Fastener Dual Investigations In China

"This is an exciting good news!" November 16, China General Machine Components Industry

Association Professional Association of Feng Jinyao Fasteners told reporters, "Such a ruling is undoubtedly China's fastener industry in the face of international financial crisis and international trade friction to achieve the dual test of the critical period of good news, is the first time we face the fastener industry trade friction 'dual' achieved a major breakthrough. "

He referred to the good news is: the United States International Trade Commission (ITC) 11 6 identified the preliminary ruling, "the domestic fastener industry did not cause substantial damage to the United States or the threat of material injury" and thus ending the fasteners in China "anti-dumping countervailing duty" (the "dual") regarding the merger investigation.

Academy of International Trade and Economic Cooperation Ministry of Commerce Research Center Dr. He Manqing multinational companies on November 17 to accept China Industry News in an interview that, in response to "dual" investigation should be similar to our case studies, business can not be timid, have to consider carefully the "game" rules, learn to compete in the rules, and close coordination with government and industry organizations, the full and active responding.

"6:0 The results really excited us." Wenzhou Fastener Association Deputy Secretary-General Jiang Huilong told reporters on Nov. 16, although the enterprises involved in Wenzhou small businesses responding to only six, but he The result is still very pleasantly surprised.

It is reported that the anti-dumping proceedings, the U.S. International Trade Commission plays a central role. The Commission is specifically for the quasi-judicial body on customs issues. Committee consists of six members, all nominated by the President for a term up to 9 years, and there is a unwritten rule that the six members, half and half Democrats and Republicans. November 6, the U.S. International Trade Commission preliminary ruling, the final vote 6-0 vote, affirmed that China and some parts of China Taiwan exports to the U.S. steel fasteners no subsidies or dumping, and the termination of fasteners in China dual counter-investigation.

In the third day after the preliminary ruling, to stand fast in China Ministry of Commerce, said the U.S. decision to vigorously defend the industry in China, based on objective facts, after making the right judgments.

Fair Trade Bureau of the Ministry of Commerce head, said this on November 9, made in China and the U.S. Fasteners Fasteners than similar products produced, which belonged to different markets and customer base, there is no direct competition, Chinese products effectively fill the U.S. market blank, the development of downstream industries for the United States made a positive contribution. The U.S. decision is rational, in line with market reality.

The official also said China encourages cooperation between industry and improve competitiveness and achieve mutual benefit and win-win situation, so often and for trade protection. China hopes the U.S. side abide by the commitments and the recent G20 summit in Pittsburgh, held the 20th China-US Joint Commission on the consensus reached between China and oppose trade protectionism and the abuse of trade remedy measures, follow-up cases in the decision to continue objective and fair stance, based on WTO rules and the actual market ruling.

"Although we have achieved this major breakthrough, but we summarize experience in time to unite, to study measures, positive response, and go all out to take the initiative argue, can and will make a new deal with international trade friction victory." Ping Jinyao president on November 16 told reporters.

Origin of "dual" survey date from September 23 this year, the United States Newcomen fastener companies to the U.S. International Trade Commission and the U.S. Department of Commerce to submit their applications to require export of carbon steel fasteners in China dual launch investigations. October 14, U.S. Department of Commerce formalized.

Newcomen (Nucor) side, said fasteners imported from China was 66.87 percent dumping margin ~ 205.97%, subsidy rate of more than 2%. Survey the range of carbon steel products screws, nuts and bolts standard parts (excluding automotive, aircraft OEM manufacturing fasteners, coach screws and fasteners for railways).

In fact, after the Chinese fastener industry has suffered a number of countries or regional trade remedy investigations.

Among them, the United States, Article dental products in China final ruling of anti-dumping tax; Canada to make final ruling CVD sunset review, decided to continue the implementation of China's steel fasteners countervailing measures; Mexico has an anti-dumping investigations fasteners; the European Union on China Imposing anti-dumping duties 85%; Russian exports to China safeguard investigation initiated fasteners.

The act has seriously affected the export of our fastener products, according to China General Machine Components Industry Association, Association of fasteners available data show that 1 in September this year, China's fastener product exports fell 47.7%, in our fastener major producer of Jiaxing City in Zhejiang Province, fastener exports fell 50%.

Reflection Fengjin Yao told reporters that deal with the U.S. Fasteners in China, "dual" responding to the work of the investigation, which lasted 45 days, the end of "no harm" victory, this is 2006, the United States Huakai Qi "dual" investigation of 23 cases since The only one case with "no harm" cases of termination of the investigation.

Victory News: The United States To End Fastener Dual Investigations In China

By: dpdp

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