Last updated at: (Beijing Time) Thursday, September 05, 2002
Chinese-made TVs Regain Access to EU after 15 Years
Chinese color TVs finally won access to European Union (EU) markets after a 15-year-long anti-dumping investigation, said source with the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME).
Chinese color TVs finally won access to European Union (EU) markets after a 15-year-long anti-dumping investigation, said source with the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME).
The EU declared August 29 that it would accept the promis on the quantitative ceilings and price made by the CCCME and seven Chinese TV producers, including Xiamen Overseas Chinese Electronic Co Ltd, Haier Electrical Appliances Corporation Ltd, Hisense Import & Export Co, Konka Group Co Ltd, Sichuan Changhong Electric Co Ltd, Skyworth Multimedia International (Shenzhen) Co Ltd, TCL King Electrical Appliances Co Ltd.
However, colour TV sets made by other companies in the country, except the seven involved, will still face a duty rate of 44.6 percent.
The EU decided to impose an anti-dumping duty around 20 per cent on small screen colour TVs originating from China in 1991, and spread the duty to large screen sets in 1995. In a review in 1998, the EU amended the anti-dumping duty to 44.6 percent to all sizes of colour TV sets from China. which barred most of the Chinese products from the markets.
According to an official from the CCCME, the seven companies promised they will sell the product directly from China to customers in the EU. Meanwhile, this undertaking accepted by the EU provides for quantitative ceilings in defined periods for sales to the EU members.
If the relevant ceilings are reached, the anti-dumping duty in force will be levied, he said. Also, a breach or withdrawal in the undertaking or a suspected breach by any of the companies concerned or the CCCME shall be considered as a breach of the undertaking by all signatories, and an anti-dumping duty may be imposed.
Seven Chinese companies offered the joint undertaking with help from the CCCME. The CCCME will also provide the EU with regular and detailed information concerning the seven companies' exports to EU members.