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TIFI: Taiwanese Companies Should Respond Cautiously to Continuation of EU’s Antidumping Measures
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2015-04-13
The EU released the final determination for the sunset review of antidumping measures imposed upon certain iron and steel fasteners originating in China. The continuation of 5-year long antidumping measure imposed on involved products from China aroused much of the attention of Taiwanese fastener industry. 
 
Accordingly, TIFI Chairman Anchor Chang appealed to industrial peers and traders on April 7th for not being involved in the transshipments of Chinese made products and not illegally tagging products made in China as made in Taiwan, as well as not illegally tagging certain products as made in Taiwan when they are in fact semi-finished products imported to be treated with secondary processing. Such illegal behaviors mentioned above may drown Taiwanese fastener industry in the mud of antidumping measures.
 
However, the announcement of the antidumping measures is favorable to the business expansion of Taiwanese companies like Chun Yu and Tycoons to the European market, though they have considered Europe one of their most important sales markets. For example, about 30% of the current sales of Chun Yu were generated in Europe. As for Tycoons, Germany is the most important market of it.
 
TIFI has immediately notified over 600 companies and traders of EU’s determination for protecting members’ benefits. TIFI also reminds Taiwanese companies of having documents regarding origins of products in hand at all times when they export fasteners, lest they should face the investigation of fastener dumping and circumvention.
 
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