Learning can be easier with EX - Library.

Explore our newest feature, a reliable informational resource you've been looking for!
Join |
EU Opens Trade Investigations Into Chinese Screws
0 comm

EU Opens Trade Investigations Into Chinese Screws


China has been involved in several trade controversies in the last couple of years, with the biggest one was probably being the trade war with the US. Both countries have imposed significant tariffs on each country’s imports. However, this has not been the only controversy regarding China. There have been other allegations of forced labor, dumping of products, and poor quality of materials.

Thus, in December 2020, the European Union (EU) announced that it will open two major investigations against products being exported by Chinese firms. The first investigation will look into Chinese screws, which are being sold in large quantities at extremely low prices. On the other hand, the second investigation will focus on Chinese optical cables to determine if they could be benefitting from unfair subsidies. This blog reviews the key aspects of the investigation and analyzes whether Chinese policies are becoming unreliable and even perhaps illegal.


EU Opens New Investigation

In recent years, the EU had already started viewing China as a significant rival. Currently, there are around 23 investigations related to Chinese products that are being undertaken by the union. Most of these investigations are related to anti-dumping laws or excessive subsidies being provided by the Chinese government.

The latest investigation has been announced after the European Industrial Fasteners Institute (EIFI) filed a complaint against the low prices being offered by Chinese manufacturers. The institute believes that these low prices are harming the prospects of local producers within the EU. Moreover, Chinese producers of optical cables are also under scrutiny, as they have been benefiting from subsidies provided by the government. Both these investigations are likely to be completed within the next 12 to 13 months. It will be interesting to see whether the Chinese exporters will be penalized and if the Chinese government will also receive sanctions as part of the punishment.

Learn More with EXIMA News

EXIMA News is here to provide you with all the latest updates on global news. If you found this article helpful, make sure to check out the rest of our News Page to learn more about current events!

You May Also Like

Apr 30
A Policy Change in Turkey: Targeting membership of the EU again

Turkey's relationship with the European Union (EU) has been rocky for the last couple of years. However, in order for Turkey to survive the economic and financial crisis, it may be better off improving relations with the union instead.

Comments (0)
May 07
Why Brazil-China Trade Matters

Come check out our article to see why Brazil is one of China's most important trading partners and how their relationship will likely continue to strengthen in the future.

Comments (0)
This website uses cookies. By using this website, you consent to our use of these cookies