China Levies Anti-dumping Tax on Imported Rubber

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Last updated at: (Beijing Time) Wednesday, September 10, 2003

China Levies Anti-dumping Tax on Imported Rubber

China on Tuesday began levying antidumping taxes for five years on imports of rubber produced in Russia, Republic of Korea (ROK) and Japan, the Ministry of Commerce (MOC) said in a communique.

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China on Tuesday began levying antidumping taxes for five years on imports of rubber produced in Russia, Republic of Korea (ROK) and Japan, the Ministry of Commerce (MOC) said in a communique.

The antidumping investigation against styrene butadiene rubber, a raw chemical material used in tires and other rubber products, found that dumping did exist and caused substantial damage to the domestic industry, the MOC said, noting it was the final judgment.

The importers have to pay taxes ranging from zero percent to 38percent, depending on the dumping degree of the manufacturers, to Chinese Customs, the MOC said.

China initiated the investigation on March 19, 2002, and extended the scheduled one-year investigation to another half year until September 2003.

China took temporary anti-dumping measures against the rubber beginning April 16, requiring the importers to pay cash deposits to Chinese Customs according to dumping profit margins.

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