Resolution on Promoting the Healthy Development of Fastener Exports
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After decades of hard work, China's fastener industry has gradually grown and developed into a leading producer of fasteners in the world, as well as a major exporter of fasteners. Its exported products are widely welcomed in various countries and regions around the world. We have established deep friendships through friendly exchanges and interactions with colleagues from various countries around the world. We are honored to contribute to the Chinese fastener industry and proud to have achieved world-renowned results for Chinese fasteners!
In recent times, the world economic situation has been complex and intertwined, as well as the impact of the international financial crisis, trade protectionism and tariff barriers in some countries have emerged one after another. As a major exporter of fasteners, we have been repeatedly hit by anti-dumping measures in international trade. Especially since January 30, 2019, after the final anti-dumping ruling by the European Union, China's steel fastener products have been subject to anti-dumping duties of up to 85%. Since then, China's market share in the European fastener market has sharply declined from 26% to 0.5%, causing significant setbacks for Chinese fastener enterprises.
Due to the unfair and unjust handling of this case, our industry, with the strong support and assistance of the Ministry of Commerce, the China Council for the Promotion of International Trade, and the Chamber of Commerce for Machinery and Electronics, has argued and defended with reason and restraint. Finally, on January 18, 2019, the World Trade Organization released the report of the Appellate Body on the enforcement of the final anti-dumping measures dispute between China and the European Union over certain steel fasteners.
The appellate body of the WTO fastener anti-dumping measures dispute fully supports China's position and claims, and once again rules that the EU's anti-dumping measures against Chinese products, which have been maintained until now, violate WTO rules. Forced the EU to announce the lifting of anti-dumping measures against me on February 27, 2019. At this point, it is a long-awaited victory for our fastener industry.
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Jiangsu Zhongjia Fastener Manufacturing Co., Ltd
Add：No. 2 Jiangyuan Road, Industrial Park, Xilai Town, Jingjiang City, Jiangsu Province
Tel：0523-84235799
