China Takes Formal Anti-dumping Measures on EU-made Chemical

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Last updated at: (Beijing Time) Wednesday, August 27, 2003

China Takes Formal Anti-dumping Measures on EU-made Chemical

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China will levy anti-dumping duties for five years, as formal anti-dumping measures against imports of catechol, a chemical used in making dyes and paint, produced in the European Union (EU), the Ministry of Commerce (MOC) announced Wednesday.

It was China's first anti-dumping case targeting EU as a whole, an MOC official said.

The Ministry of Foreign Trade and Economic Cooperation (MOFTEC), the predecessor of the MOC, initiated the investigation on March 1,2002 and then launched temporary anti-dumping measures on Nov. 4, 2002, requiring importers to provide cash deposits. The MOC completed the investigation in August, concluding that the imports caused substantial damage to domestic industry and there was a direct causal relationship between the dumping and the damage.

Importers would be required to pay anti-dumping taxes to Chinese customs, ranging from 20 percent to 79 percent, the MOC said.

Cash deposits already collected will be transferred to anti-dumping duties and related taxes, and the rest will be paid back, the MOC said.

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Commentary: Anti-dumping Cases Use Flawed Data

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