WTO Establishes Compliance Panel for EU's AD Duties Against Chinese Iron and Steel Fasteners

The Dispute Settlement Body of World Trade Organization established Wednesday a compliance panel for the dispute between China and the EU regarding the antidumping measures against the import of certain iron and steel fasteners from China. The panel was established according to the request of China for another consultation with the EU on October 30, 2013. China thinks that the measures currently adopted by the EU are inconsistent with WTO's recommendations and rulings, though the measures have once been revised at the previous consultation. China considers the measures to be unfair and unreasonable, however, the EU is completely convinced that the current antidumping measures adopted are fully in line with the recoomendations and rulings of WTO and thinks that there is no need to make another adjustement. Due to the existence of dispute between both parties, WTO then set up a panel for discussion. Japan and the United States as the third parties reserve their rights to participate in the proceedings of the panel.