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The South African Fastener Manufacturers Association (SAFMA) has allowed anti–dumping measures on Chinese fasteners, in place since 1999, to expire in order to clear the way for a new anti–dumping complaint aimed at achieving more effective defence from low cost imports.
In January SAFMA declined to submit evidence to an expiry review of anti–dumping measures on bolts and nuts imported from China, originally put into place in 1999 and subsequently extended in 2004/5 and again in 2010/11. Its reasoning, it has now become clear, was that the measures had proven ineffective at preventing injury to South African manufacturers as they including exemptions, which SAFMA Chairman Rob Pietersma said had made the duties ineffective. One such loophole meant four Chinese set screw manufacturers were exempt from 73% anti–dumping duties. SAFMA says the exemptions had created openings for higher levels of imports, with the overall effect that imports from China had not reduced as a result of the anti–dumping measures.
The South African International Trade Administration Commission terminated the long–standing anti–dumping measures on bolts and nuts imported from China on 5th August.
Now SAFMA has announced it intends to make a new submission to ITAC, seeking maximum tariffs on set screws, bolts and nuts.
-The 18th China(Guangzhou)Int’l Fastener
& Equipment Exhibition
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