InfoAnda - China asks WTO to rule on trade dispute with EU

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China asks WTO to rule on trade dispute with EU AFP - Tuesday, October 13 Send IM Story Print China asks WTO to rule on trade dispute with EU Slideshow: Full Photo Coverage: Business & Economy GENEVA (AFP) - – China on Monday asked the World Trade Organisation to rule on a dispute with the European Union over anti-dumping measures imposed by Brussels on imports of Chinese-made screws and bolts. "The Chinese government instructed its mission to ... (request the) establishment of a panel to examine the dispute concerning the EC anti-dumping action on imports of fasteners from China," the Chinese mission to the WTO in Geneva said in a statement. 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 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. Recommend Send IM Story Print Related Articles Stocks rise on economy optimism, weak dollar Reuters - 1 hour 36 minutes ago Oil, fuel prices jump as dollar, temperatures fall AP - 1 hour 36 minutes ago US-STOCKS-Wall St rises on economy optimism, weak dollar Reuters - 1 hour 38 minutes ago Algosaibi's TIBC owes $2 bln to banks-source Reuters - 1 hour 41 minutes ago MIDEAST STOCKS-Kuwait's Zain drops; Dubai hits new 11-mth high Reuters - 1 hour 43 minutes ago News Search Top Stories Britain announces massive assets sale Philips posts surprise profit as cost cuts help Poorer nations to get donated swine flu vaccine: WHO Britain announces £16 bln state asset sell-off Recession-hit Britain to sell off state assets More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Boyzone singer Gately dies in Spain Dollar facing 'power-shift': analysts First clown in space lands back on Earth US Marines sweep 'Taliban' villages for home-made bombs US duo wins Nobel Economics Prize, first woman lauded More Most Viewed » Oldest hominid skeleton sheds light on human origins More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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