The Traderszone Network

Published in TZ Latest News 18 January, 2016 by The TZ Newswire Staff

EU loses WTO case, China could seek trade sanctions

China could demand trade sanctions against the European Union after winning an appeal on Monday in a dispute at the World Trade Organization over EU tariffs imposed on Chinese imports of screws, nuts and bolts made of iron or steel. China has never before asked the WTO to impose trade sanctions since it joined the organization in 2001, but the end of the seven-year battle leaves the way open to a claim for compensation.

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