|
|
China mulls anti-dumping measures on synthetic rubber imports
|
|
|
|
| Top Stories |
 |
|
|
|
Staff Reporter | 20 Apr, 2018
China is set to impose temporary anti-dumping measures on imports of
synthetic rubber from the US, the EU and Singapore, the Ministry of
Commerce said on Thursday.
The statement said that a Ministry
investigation that began in August concluded that US, European and
Singaporean vendors of synthetic rubber had set a price 26-66.5 per cent
below the cost value, which amounted to dumping, Efe news reported.
"In
response to the application of domestic halogenated butyl rubber
industry, the Ministry of Commerce issued an announcement on August 30,
deciding to initiate an anti-dumping investigation," the Chinese
Ministry said in the statement.
In order to prevent losses to the
domestic sector, the Ministry said it decided to impose a tariff on the
import of the product, which would vary according to the level of
dumping carried out by each company.
The measure, which will come
into effect on Friday, is the first of its kind on the product,
although it could be followed by other announcements.
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 13 Aug, 2022 |
|
|
| Daily Poll |
 |
 |
| PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
| Commented Stories |
|
|
|
|
|
|
| |
|
