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China Announces Temporary Anti-Dumping Measures Against Acrylate Imports
The Ministry of Foreign Trade and Economic Cooperation (MOFTEC) announced Thursday that it begins to implement Thursday temporary anti-dumping measures against acrylate, industrial raw material, imported from Japan, Germany and the United States.
The announcement says after the implementation of the measures, importers of acrylate, a raw material used to make plastic models and optical parts, jewelry, adhesives, paint and textile fibers, must hand over a certain sum of guarantee money to Chinese Customs when importing acrylate from the three countries to China.
The ministry announced in December of last year that it began an anti-dumping investigation against the imported acrylate from Japan, Germany and the United States. It made the preliminary ruling after the investigation jointly conducted by MOFTEC and other relevant departments of the Chinese Government.
Measures Against Anti-dumping, A Matter of Urgency
International trade protectionism has been found on the rise in the recent two years, and anti-dumping cases against China have increased sharply. 1999 alone saw the occurrence of 43 such cases. May 17 witnessed the European Commission announcing the anti-dumping investigation against Chinese energy-saving lamps filed on the prosecution of German Osram SLI and Dutch Philips.
More than 100 domestic enterprises with millions of dollars of export products were involved in the case, which has seized most of the Chinese enterprises with a surprise. Through arduous negotiation, Shanghai Feiya, Xiamen Shengli won back their "market economy" position and others the treatment of individual tariff rate. This case has once again sounded a warning that to adopt measures to cope with the anti-dumping is something in the imminence.
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