Na­tion to in­ves­ti­gate rub­ber im­ports from US, EU, Sin­ga­pore

Global Times - - Biz Update -

China’s Min­istry of Com­merce ( MOFCOM) on Wed­nes­day for­mally launched an anti- dump­ing in­ves­ti­ga­tion into hy­dro­genated butyl rub­ber im­ported from the US, EU and Sin­ga­pore, af­ter do­mes­tic com­pa­nies filed com­plaints with the min­istry, al­leg­ing the im­ports were be­ing sold at dis­counted prices and are thus harm­ing do­mes­tic in­dus­try.

MOFCOM will in­ves­ti­gate whether the hy­dro­genated butyl rub­ber im­ports were be­ing sold at un­fair prices and as­sess the de­gree of dam­age caused to do­mes­tic in­dus­try, ac­cord­ing to a no­tice on the min­istry’s web­site.

The in­ves­ti­ga­tion will cover im­ports re­ceived be­tween April 2016 and March 2017, and the com­pa­nies that ex­ported the rub­ber will be re­quired to reg­is­ter with the min­istry and pro­vide rel­e­vant doc­u­ments within 20 days of the is­suance of the no­tice.

On be­half of the do­mes­tic in­dus­try, Zhejiang Cen­way New Syn­thetic Ma­te­ri­als Co and Heyun Group based in North­east China’s Liaoning Prov­ince filed a com­plaint with MOFCOM on Au­gust 14, claim­ing that their busi­nesses had been dam­aged by dump­ing of the prod­ucts in those re­gions.

Hy­dro­genated butyl rub­ber is used in tires, rub­ber tubes, con­veyer belts and other prod­ucts, ac­cord­ing to the com­plaint pub­lished on MOFCOM’s web­site.

The US, the EU and Sin­ga­pore are the main pro­duc­ers of the rub­ber, with a com­bined an­nual out­put of 620,000 tons, ac­count­ing for 58 per­cent of the world’s to­tal, the com­plaint said.

MOFCOM said that af­ter the ini­tial as­sess­ment, such claims per­mit a for­mal in­ves­ti­ga­tion, which will last for at least one year, start­ing on Wed­nes­day.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.