Date: 2013-07-31

China to Fight EU Over Screws, Bolts at WTO-sources

China has decided to challenge at the World Trade Organisation anti-dumping duties on Chinese-made screws and bolts imposed by the European Union in January, sources with knowledge of the case said on Friday.

"Mofcom (China's commerce ministry) is going to seek WTO dispute settlement consultations in the EU fastener case over the legal process used by Brussels," one source told Reuters.

If the consultations fail, Beijing could request a panel to hear the case, leading to lengthy and costly litigation.

It would be the first case taken by China against the EU at the global trade watchdog.

The import duties, of up to 85 percent, target as many as 200 Chinese companies selling components widely used for cars, white goods and machinery in the EU worth some 575 million euros ($811 million) a year.

Chinese manufacturers had asked Beijing to take the EU to the WTO, arguing Brussels was protecting European companies amid the worst global economic slowdown in 80 years.

The European Commission, which oversees trade policy in the 27-nation bloc, rejects that allegation.

International rules allow countries to impose extra duties on goods that are "dumped" -- imported at prices below what is paid in their home market -- if the dumping injures businesses in the importing country.

The Jiaxing Association of Iron and Steel Fastener Companies, representing some 20 percent of fastener exports, was unhappy that two Chinese units of two European firms -- Italy's Agrati and Celo of Spain -- were exempt from the duties.

Trade disputes between Brussels and Beijing have been on the rise since the EU's trade deficit with China ballooned, hitting 160 billion euros last year. The EU has imposed additional tariffs on Chinese imports ranging from shoes to steel products.

The EU and the United States launched action last month at the World Trade Organisation over Chinese export restrictions on a raft of key industrial raw materials.

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