Domestic textile or loss of European market – Sheet Metal cabinet Supplier – CNC
September 8 on the origin of the European Commission in China, Korea, Taiwan, polyester high tenacity yarn launch anti-dumping investigations. In accordance with EU law, the investigation procedures will last for 15 months, the European Commission will be placed on file within 9 months after the preliminary ruling. European Commission, September 18 Chinese enterprises involved in the approval placed on file made by lawyers on the defense. This is the end of 2008 China-EU textile agreement expires, the European Union launched the first trade remedy investigations against Chinese textiles. Mainland companies involved in this case 40, involving more than 100 million U.S. dollars.
China Chemical Fiber Association, the Secretary-General pointed out that the case is a prerequisite for a problem. Determine whether a company dumping the main basis, depending on product prices and export prices, domestic sales of the difference. The greater the difference, the greater the margin of dumping was the higher tax rate. Since China has not been considered a market economy status and WTO countries, it must seek a full market economy status, the first three countries and Western countries as a reference. The case of the United States was selected as the comparator. The United States the cost of production is much higher than China, that the domestic selling price of similar products, will be much higher than China. The case concluded that the final verdict, the Chinese companies a huge dumping margin inevitable. He expects the final tax rate will be as high as 30-50%, in China or will lose the European market.
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