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UPDATE 1-China slaps anti-dumping duties on EU-made screws

Published 12/23/2009, 02:56 AM
Updated 12/23/2009, 03:00 AM

(Adds comment, details in paragraph 3-6)

BEIJING, Dec 23 (Reuters) - China on Wednesday slapped anti-dumping duties on imports of steel fasteners from the European Union, just a day after the EU extended import duties on shoes from China and Vietnam.

A review found that Chinese producers of certain types of fasteners, including screws and washers, had been materially injured by dumping by EU firms, the Ministry of Commerce said in a statement on its website.

"We see this as a good thing, and support the government," said Feng Jinyao, head of the China Fastener Association, which has been fighting European duties on Chinese fasteners imposed late last year.

"We believe EU-made screws always hurt us and affect the development of Chinese domestic manufacturing capacity... Because of them, we're unable to make these products."

The anti-dumping duties, ranging from 16.8 percent for those made by KAMAX-Werke Rudolf Kellermann GMBH to 24.6 percent for all other manufacturers, will be enforced starting Dec. 28.

China has been involved in a tussle with the EU over fasteners this year, just one of a series of trade complaints lodged against Beijing by its trading partners. It has become more willing to match actions against its products by trading partners with its own investigations of their exports.

The EU imposed its own anti-dumping duties on some Chinese-made screws and bolts in January, a decision China later challenged at the World Trade Organisation (WTO).

China has also grown more ready to bring cases of its own to the WTO, something many analysts say is a healthy sign it is becoming a more active member of the trade body.

In the latest instance of trade tensions, EU ministers voted on Tuesday to extend import duties on shoes from China and Vietnam by 15 months, despite a vote on Nov. 19 by the EU's anti-dumping committee to reject plans to extend the tariffs.

China said it was unhappy with the decision and would take action via the WTO. (Reporting by Jason Subler and Lucy Hornby; Editing by Jerry Norton)

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