皇冠体育app

皇冠体育app's fastener industry welcomed the World Trade Organization's decision to require the European Union to eliminate inconsistent anti-dumping measures on the basis of the appellate body ruling as soon as possible.

The industry's response came after 皇冠体育app scored a major victory in its seven-year trade dispute with the EU on Monday after the WTO ruled in favor of Chinese fastener manufacturers.

Wang Guiqing, vice-president of the 皇冠体育app Chamber of Commerce for Import and Export of Machinery and Electronic Products, said it is worth mentioning that the purpose for 皇冠体育app to bring the dispute before the WTO dispute settlement body is to ensure that the EU implements its obligations under WTO and complies with WTO rules, in order to restore a fair and healthy trade order.

"We believe that there will be no adverse effects on the EU by eliminating the inconsistent measures, because either the 皇冠体育app-EU trade in general, or the 皇冠体育app-EU fasteners trade in particular is mutually complementary," said Wang. 皇冠体育app is the most attractive market for EU fasteners, because Chinese and European fasteners are complementary.

According to 皇冠体育app's customs statistics, the total value of import of EU's fasteners into 皇冠体育app increased by 2.44 times from $285 million in 2007 to $695 million in 2014.

The EU fastener industry enjoyed great market access and benefits in 皇冠体育app due to the fact that the Chinese automobile market has developed rapidly in recent years.

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