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Home >> Business
UPDATED: 16:41, August 27, 2004
Anti-dumping measures triggered on imported chemical fiber
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Chinese mainland has started to collect cash deposits on imports of chemical fibers by the Taiwan region as a temporary anti-dumping measure, the Ministry of Commerce said Friday.

Companies which import the products must pay a cash deposit to Chinese Customs ranging from five to 29 percent, in accordance with dumping profit margins.

The fiber in question, a kind of polyamide fiber, can be knitted into cloth, which can make clothes, bedsheet, swimming suit, socks and mosquito nets.

The ministry's primary verdict issued on Friday affirmed that dumping of such goods did exist and caused substantial damage to domestic industries.

The ministry initiated the case in October last year. This is the first anti-dumping case related to the textile industry since China's admission into the World Trade Organization at the end of 2001.

Source: Xinhua

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