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TRADE WARS
China revives WTO nuts and bolts dispute with EU
by Staff Writers
Geneva (AFP) Oct 30, 2013


Russia says wants EU visa deal
Athens (AFP) Oct 30, 2013 - Russia looks forward to restarting cooperation and visa talks with the EU under Greece's upcoming presidency of the bloc, Russian Foreign Minister Sergei Lavrov said here on Wednesday.

Greece has signalled it intends to promote EU relations with Moscow when it assumes the bloc's rotating presidency in January, and to further facilitate visa procedures for Russian travellers which are becoming increasingly important to its tourism industry.

"We particularly appreciate the determination by our Greek friends to promote Russia-EU relations in the coming period," Lavrov said.

"Primarily the problem is about the issuing of entry visas," he added. "And the renewal of negotiations, which stopped through no responsibility of our own, for a new deal on Russia-EU cooperation ... to modernise relations between EU and Russia."

Efforts to improve EU-Russian relations have so far run afoul of disputes over Moscow's record on human rights and energy policy.

The European Union has indicated it is preparing to charge Russian energy giant Gazprom in an anti-trust probe on concerns that it was hindering competition in central and eastern Europe.

Moscow has also sparked an international outcry over its heavy-handed response after two Greenpeace activists in September scaled a state-owned oil platform to protest against Russian energy exploration in the Arctic.

China on Wednesday revived a WTO dispute with the EU over import duties on nuts and bolts, claiming Brussels failed to respect a 2011 ruling, the global body said.

The World Trade Organization said that Beijing had made a formal request for consultations with the European Union on the latter's compliance with an order it to fall into line.

Under the rules of the 159-nation WTO, requesting consultations is the first step towards seeking the creation of an independent panel of trade experts to rule on a complaint.

The issue at stake is the EU's anti-dumping duties on iron and steel fasteners -- a category of products epitomised by nuts and bolts.

Such duties can be imposed when WTO members believe that their domestic industries are being harmed by dumping, which is the sale of cut-price products in order to grab market share.

Arguing that dumping was taking place, the EU had in January 2009 levied tariffs ranging from 26.5 percent to 85 percent on Chinese fasteners.

In 2010, however, a WTO panel created at China's behest ruled that Brussels acted inconsistently in its anti-dumping calculations. That decision was upheld on appeal in 2011.

In the wake of such WTO rulings, member states found at fault are allowed time to bring their rules into line, in agreement with the plaintiff.

In January 2012, China and the EU agreed that Brussels would put its house in order by October that year -- when the EU announced it had respected the ruling, a stance that China rejects.

Brussels has 15 days to respond to Beijing's request for consultations, after which China can request the establishment of a panel to assess the EU's compliance.

China is the world's biggest producer of screws, nuts, bolts and washers, while the European Union is its biggest market.

EU-China trade has exploded in recent years, making the EU the top destination for Chinese exports while China is Europe's biggest trade partner after the United States.

Beijing and Brussels have locked horns over a string of trade issues at the WTO, which seeks to set a level playing field for commerce between its members.

In the event that the WTO's disputes settlement body finds in favour of a plaintiff, it can authorise retaliatory trade measures against a country until its falls into line.

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