European Union Opens Trade Investigations into Chinese Optical Cable and Screw Imports

The European Union opened on Monday afternoon two investigations into Chinese exporters in order to assess whether steel screws are being sold in the European bloc at excessively low prices and whether optical fiber cables are benefiting from unfair subsidies.

The European Union opened on Monday afternoon two investigations into Chinese exporters in order to assess whether steel screws are being sold in the European bloc at excessively low prices and whether optical fiber cables are benefiting from unfair subsidies.

The European Union official journal explained that one of the new investigations is into alleged dumping of iron and steel screws, bolts and washers after a complaint from the European Industrial Fasteners Institute.

The Institute alleges that Chinese exporters have significantly increased shipments, increased market share and harmed producers from the European Union through their low prices.

The second new EU investigation will look into whether Chinese producers of optical fiber cables benefited from unfair subsidies following a complaint by European Union industry group Europacable.

The European Commission aims to complete its investigation within 13 months, with the chance of imposing provisional measures after seven months.


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