New deposits to be levied on US poultry

16:36, April 29, 2010      

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The Ministry of Commerce said Wednesday it will impose preliminary deposits starting April 30 on US broiler chicken products, alleged to enjoy government subsidies, as trade tensions grow between the two countries.

"The US government subsidy rates ranged from 3.8 to 31.4 percent of the import price," the ministry said in publishing the preliminary penalties on its website, adding that the subsidy is hurting China's domestic poultry industry.

Importers of US broiler chicken products will have to pay deposits based on different alleged subsidy rates, the statement said.

"US exporters this time may face serious pressures together with the preliminary import duties the ministry imposed in February, to counter US dumpling actions," Zhou Shijian, a senior research fellow at the Center for US-China Relations at Tsinghua University, told the Global Times.

"Chinese importers could of course go to other exporters once the tariffs are imposed," Zhou said.

The action comes after China slapped preliminary import duties of as much as 105.4 percent on US chicken product February 13. US exports accounted for 89.24 percent of China's broiler chicken imports in the first half of 2009, when the total import volume amounted to 305,600 tons.

Source: Global Times


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