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Resolution of EU-China Trade Dispute Hampered by Unintended Sexual Innuendo

媒体来源: ChinaLegalBlog.com

2009-10-26

Well, one could make that assumption with headlines like this:

WTO Probes EU Screw Duties

Two important points here:

1. This is yet another dumping case. From what I read, it sounds like the EU is fairly confident in the numbers they have put together. On the other hand, my cat could win an anti-dumping case. The deck is usually stacked against the foreign exporter.

The merits of the case notwithstanding, this kind of thing will certainly further the "rise of global protectionism" theme already out there.

2. It's been a busy Monday, and I'm resorting to juvenile humor to make a trade case more interesting. A new low for China Hearsay. On the other hand, I am fairly confident that most 14-year-old boys would have the same reaction I did if they read "WTO Probes EU Screw Duties," and that is my target demographic.

More info on the case from Shanghai Daily:

The World Trade Organization has opened an investigation into whether European Union charges on imports of Chinese steel fasteners comply with international commerce rules.

China argues that the EU is illegally taxing steel fasteners needed for products from furniture to cars, but the 27-nation bloc says Chinese manufacturers are breaking trade rules by selling a flood of screws at 30 percent to 50 percent below European prices.

Brussels passed on a chance to delay the probe, saying it is "strongly convinced of the strength of its case."

Tags: China Business & Economy, International Trade