Resolution on promoting the sound development of Bolt Nut and Washer exports. Through decades of hard work, my country's Bolt Nut and Washer industry has gradually grown and grown, and now it has developed into the world's largest producer of Bolt Nut and Washer, and also a major exporter of Bolt Nut and Washer, with export products all over the world. , Is widely welcomed. We have friendly exchanges with our counterparts from all over the world, and our interactive exchanges have established a profound friendship. We are deeply honored to be able to contribute to China's Bolt Nut and Washer industry, and we are deeply proud that China's Bolt Nut and Washer has achieved world-renowned results!
In the recent stage, the world economic situation is intricate and complicated, as well as the impact of the international financial crisis, trade protection, and tariff barriers in some countries have been one after another. As a major exporter of Bolt Nut and Washer, we have been repeatedly hit by anti-dumping in international trade. Especially since January 30, 2009, after the final anti-dumping ruling of the European Union, an anti-dumping duty of up to 85% was imposed on my country's steel Bolt Nut and Washer products. Since then, my country's market share in the European Bolt Nut and Washer has dropped sharply from 26% to 0.5%. , So that my country's Bolt Nut and Washer enterprise suffered a major setback.
Since this case was not handled in a fair and equitable manner, our industry, with the strong support and help of the Ministry of Commerce, the Council for the Promotion of International Trade and the Chamber of Commerce of Electrical and Mechanical Services, argued with reason and defended it in a reasonable manner. Finally, on January 18, 2016, the WTO announced China v. EU Partial Steel Bolt Nut and Washer Final Anti-dumping Measures Dispute Enforcement Appellate Body Report.
The WTO’s Bolt Nut and Washer anti-dumping measures dispute enforcement appellate body fully supported China’s position and propositions, and once again ruled that the EU’s anti-dumping measures against Chinese products that have been maintained to this day violate WTO rules. Forced the EU to announce the cancellation of anti-dumping measures against China on February 27, 2016. So far, for our Bolt Nut and Washer industry, it is a long-awaited victory.
