EU slaps duties on Chinese goods

Published November 16, 2008

BRUSSELS, Nov 15: The European Union put anti-dumping duties on Chinese-made candles and non-alloy steel products on Saturday, approving an earlier-flagged move as leaders at the G20 summit called for countries to avoid trade protectionism.

With trade disputes between Brussels and Beijing on the rise, the move comes as Chinese officials meet their European counterparts at the Group of 20 advanced and emerging nations in Washington.

Import tariffs of up to 60 per cent will be slapped on Chinese candles which accounted for 300 million euros ($380.6 million) of the EU market, worth 810 million euros in 2007.

Extra duties of up to 50 per cent will also be placed on non-alloy steel wire products from the Asian powerhouse for the next six months, the EU’s Official Journal said.—Reuters

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