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BIZCHINA / Center
China reconsiders anti-dumping duty
(Xinhua)
Updated: 2007-09-03 16:44
China is reconsidering the necessity of imposing anti-dumping duty on a
Russian caprolactam supplier, the Ministry of Commerce announced on
Monday.
Kemerovo Joint Stock Company "AZOT", a major chemical plant in west
Siberia, filed in July an application to the ministry for a
re-examination of the anti-dumping duty on its caprolactam, a white
crystalline cyclic amide used in the production of nylon, the ministry
said.
The company claimed that it had reduced dumping to China, and the primary
evidence it offered complied with China's relevant regulations and rules;
its application was accepted and the re-examination work started on
Monday, the ministry said.
China started to impose anti-dumping duties on the imports of caprolactam
from companies in Japan, Belgium, Germany, the Netherlands and Russia
from June of 2003, as an earlier investigation found that dumping by
these companies had done substantial damage to the domestic industry.
The Ministry of Commerce decided that exports from these caprolactam
suppliers to China are subject to anti-dumping duties for five years,
with the tax rate ranging from 5 to 28 percent. The rate on Kemerovo
Joint Stock Company is 9 percent.
(For more biz stories, please visit Industry Updates)
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