MOFCOM released the final rulings on its first anti-dumping and anti-subsidy investigations on imports

Ministry of Commerce of China (MOFCOM) released on April 10 final ruling on anti-dumping and anti-subsidy investigations on the Grain-oriented Electrical Steel (GES) imported from the U.S. and anti-dumping investigation on the GES imported from Russia in No.21 Announcement.

According to the final ruling, dumping existed in GES imports originated from the U.S. and Russia and imports from U.S. were subsidized, and the Chinese steel industry were damaged. The final ruling stated that from April 11 of 2010, China would levy relevant anti-dumping and anti-subsidy duties on GES products from the U.S. and Russia. The margin of dumping of the two responding US companies is 7.8 percent and 19.9 percent respectively while others that did not respond face the duties of 64.8 percent. And the two responding U.S. companies face the anti-subsidy duties of 11.7 percent and 12 percent respectively, others face 44.6 percent. The margin of dumping of the two responding Russian companies is 11.7 percent and 12.0 percent respectively, and for those companies that did not respond is 25 percent.

According to the Bureau of Fair Trade of MOFCOM, this is the first time for China to launch anti-dumping and anti-subsidy investigation on imports. During the investigation, the working group abided by China’s laws and rules of the WTO, adhered to the principles of equity, reasonableness, fair procedures and transparence, and then made the final ruling according to the laws and facts.

Source: Ministry of Commerce Website; http://english.mofcom.gov.cn/aarticle/newsrelease/significantnews/201004/20100406868173.html

1 Comment

Filed under Legal spotlight

One response to “MOFCOM released the final rulings on its first anti-dumping and anti-subsidy investigations on imports

  1. Pingback: TABLE OF CONTENTS « GOLD MONEY TALK

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s