48
met neither by cost nor by capacity by very large problems for less developed The European manufacturer on the other
the European manufacturers. We do countries. The anti-dumping action also hand, facing a global market, has no
need a European standard fastener comes at a bad time as we are choice but to continually update his
industry for quality fasteners able to experiencing large price increases from production technologies and make large
compete with world standards. As China as the world price for steel has
investments in his business.
experiences of the past in other shot up. The value of currency value in
industries shows, new tariffs or duties China has appreciated and the country
Jack Lin
are not a long-term solution, because has lowered their subsidies. Shouldn’t we
President, Kwantex Research Inc,
they limit what made us so strong - be grateful to China?
Taiwan
worldwide fair competition and trade.
Most of the world agrees with the fact
Uneven prices as well as China's non-
Paul Denning that free trade is the only right way to
economic system do indeed bring
Managing Director, Barton Cold Form go. This being the case, shouldn’t we
unbalanced market competition in
Ltd, UK have more of a long term plan on how to
Europe. Moreover, we should consider the
make this happen?
quality risk and security issue of the
This is a very difficult question to ask
products made in China.
Barton Cold Form Ltd. We still continue to The EU can hardly move into every area
make approximately 80% in the UK but and establish regulations as this would
Before implementing antidumping, we
we also buy products in from low cost only create bureaucracy and set the
hope the EU carries out a thorough
countries. It has been many years since wrong foundation for the future. Who
investigation of both the product quality
the UK made any volume standard parts. would want to start an industry knowing
level and prices. This not only provides
However, if by applying anti dumping that company profits would depend upon
advantages for EU importers to bring up
tariffs we would ensure companies whether an antidumping toll regulation
the prices but also pushes China
attracting more business we would be exists?
manufacturers to improve their company
very supportive of this lobbying.
management and product quality. It
The USA may adopt protectionism to should not be only one high antidumping
In reality it is likely that any importer of
reduce the trade deficit and restore the rate for all grades of products; otherwise
products will automatically move to the
its reputation in the world. This scenario it is not beneficial for some EU countries
next LCC e.g. Vietnam, Brazil, Korea etc. It
will force China and other Far Eastern that do not manufacture relevant screw
is our opinion that it will have little
countries to direct more export to Europe,
items.
impact, long term, on production outputs
which will be pressured to adopt
in UK and Europe and will cause a short
protectionist policies.
Jon Hodowany
term disruption to the supply chain,
General Manager, JC Grand (China)
which will do more damage to those
The EU seems to have misunderstood the
Corporation
companies importing as they will find it
situation regarding the rising prices of
difficult to pass the price increases onto
imports. J. C Trichet cannot lower
Although the proposed antidumping
the customer.
inflation by increasing the interest rate.
legislation directly affects our Chinese
The reason for increasing prices comes
operations, and as such, it is impossible
If the application is accepted you could
from China’s appreciated value and rising
to give a truly objective opinion,
also see further migration of companies
world market prices on steel. This will
I will try to be as fair as possible.
setting up in China to overcome the
only lead to stagflation, meaning
tariffs.
increasing prices with lowered
Fasteners are a key component for many
In summary we are not in favour of Anti
consumption and reduced GDP.
other products and industries, but the
production of fasteners involves a series
Dumping Controls.
of fairly low-tech, low value-added
Giuseppe Verdoliva
activities. Fastener production is tailor-
Hans Björstrand
Sales Manager, Mecavit S.r.l., Italy
made for developing economies like
Managing Director, BUFAB Sweden AB
China, Vietnam, Thailand, Malaysia, and
It is true that we supported the
some countries in East Europe. It is more
Hans Björstrand provided an insightful
complaint, after UPIVEB asked us to do so
efficient to have these types of parts
consideration of the wider economic,
in order to achieve the minimum
manufactured elsewhere. Moreover, EU
social and environmental context that
percentage of EU manufacturing required.
importers will not simply start re-
now surrounds the antidumping issue,
We hope, certainly, that this proceeding
sourcing from Europe, since they are
which we plan to publish in full next
will have a positive result. However, we
under tremendous cost pressure. They
issue. Here, we quote his specific
believe, that eventually it will not affect
will still have many options to import
comments on antidumping.
business so much, between European
cheaply from Asia, even after
manufacturers and distributors.
antidumping penalties are imposed on
All subsidies, export supports and other
China-produced fasteners.
contrived methods always harm the
In fact if the eventual tariff percentage is
market. Let us not forget that almost one too high, the bigger distributors will find,
Anti-dumping penalties are appropriate if
half of the EU budget goes to subsidies for sure, a way to import from other
they are well-targeted and timely.
to the European agriculture. This creates countries to circumvent the duty.
Assuming there really is a case for anti-
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