WTO favors China in longstanding trade dispute with EU

The World Trade Organisation (WTO) on Tuesday confirmed its ruling that the European Union (EU)’s imposition of anti-dumping measures on certain iron or steel fasteners from China was illicit.

The ruling ends a seven-year legal battle which saw Chinese exports of screws, nuts and bolts to the EU plummet.

Following the WTO ruling, the Chinese ministry of commerce on Monday said the anti-dumping measures had affected 1 billion U.S. dollars’ worth of Chinese exports and more than 100,000 jobs in China, resulting in huge economic losses to the industry.

The ministry urged the EU to respect the latest ruling, “or China reserves the rights to take further action under the WTO framework.”

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