China Imposes Anti-Dumping Duties on US and EU Chemicals
By Jerin Mathew | January 25, 2013 8:58 PM EST
China's commerce ministry said that it decided to collect anti-dumping duties on imports of ethylene glycol monobutyl ether and diethylene glycol monobutyl ether originated from the US and the EU. The duties are effective from 28 January for a period of five years.
The development is seen as a counter move from China after the US and the EU set anti-dumping duties and countervailing duty laws on Chinese products, which they found unfairly priced and subsidised. China had openly denounced the move by the West, saying the US and Europe are pursuing trade protectionism on products ranging from ceramic plates to solar panels.
"MOFCOM made, after investigation, its final decision that dumping exists in imports of ethylene glycol monobutyl ether and diethylene glycol monobutyl ether originated from US and EU during the period of investigation. Such dumping has caused material injury to China's domestic industry. There exists a causal link between the dumping and the material injury," the Ministry of Commerce said on its website.
The ministry noted that it started anti-dumping investigation on the pricing of the chemicals on 18 November 2011 following requests from domestic companies. The ministry made its initial decision on 27 July 2012 to take provisional anti-dumping measures.
The duties, ranging from 9.3 to 18.8 percent, will hit companies such as Eastman Chemical, Dow Chemicals and Equistar Chemicals from the US, and BASF SE and Sasol Germany from Europe.
The chemicals are widely used as coupling agents for water-based coatings in vinyl and acrylic paints and varnishes, enamels, spray lacquers, dry cleaning compounds, textiles and cosmetics.
Last week, a US trade panel decided to set duties on wind towers worth hundreds of millions of dollars from China and Vietnam for five years. The move was after complaints from the US producers who claimed that the competition from Asia is forcing them to shut down operations.
The decision, imposing 45 to 71 percent duties on Chinese wind-tower makers, was backed by the International Trade Commission.
In addition, the US Commerce Department imposed duties ranging up to 154 percent on imports of a food additive and thickening agent from China and Austria earlier in January. It also extended the period of anti-dumping duty on tapered roller bearings from China by five years.
To contact the editor, e-mail:
Most Popular Slideshows
- 2014 MLB World Series Game 1: San Francisco Giants 7, Kansas City Royals 1 [PHOTOS]
- 2014 MLB World Series - Game 2: Kansas City Royals 7, San Francisco Giants 2 [PHOTOS]
- NFL Thursday Recap - Denver Broncos 35, San Diego Chargers 21: Peyton Manning Has 3 TDs In Easy Win [PHOTOS]
- 2014 MLB World Series Game 3: Kansas City Royals 3, San Francisco Giants 2 [PHOTOS]
Join the Conversation
- Australia's Low Birth Rate May Be Due to Low Confidence in Economy
- Fears Of Infection Spread Prompt Some US Hospitals To Refuse Ebola Patients
- Readers Slam a Book Showing That US Wealth And Power Rests on Slave Labour
- LG G Watch R To Be Available Globally Starting With Europe, North America And Asia Through Retail Sites And Play Store
- Young Teen Fighter Says ISIS Uses Drugs On Suicide Bombers To Get Them Perform The Act
- Xiaomi Redmi 1S vs. Sharp Aquos Crystal – Specifications, Features And Price Showdown
- Verizon Motorola Droid Turbo Leaked Live Images Surfaces, Scheduled To Get Unveiled On Oct 28
- Update HTC One M7 with LG G2 with Android 4.4.2 as Sprint OTA: Fixes and Installation
- U.S. Targets Buyers of ISIS Oil, Threatens Sanctions
- ISIS Syria Airstrike Bombing Has Killed 550 People, Civilians Included
- Russia Shifts Blame On US For Ukraine Crisis, Putin Accuses West of 'Remaking World'
- Russia Blocking OSCE Monitoring Of Its Border With Ukraine