Export of fasteners to Europe is expected to recover

The export of traditional fasteners has always been the main business of Jinyi Industrial, but suffered from the rise of foreign trade protectionism and the export value of the company's fastener business has fallen sharply. A paper communique showed yesterday that the anti-dumping case of fasteners in the EU had been ruled by WTO experts. Its regulations on “separate tax rates” did not comply with WTO rules. Gem Industrial achieved double benefits in one day.

It is understood that the EU requires the collection of up to 85% of anti-dumping duties on some carbon steel fastener products from China. Jiaxing City, as a fastener production city, has a total of 90 fastener production and trading companies involved, involving a total amount of money. 97 million U.S. dollars. Jin Yi industry as the industry leader, naturally difficult to spare. Since then, the company has participated in a series of activities to deal with anti-dumping cases. On December 3, WTO experts made it clear that the EU’s anti-dumping measures against China’s carbon steel fasteners violated the WTO rules.