Anti-dumping duties levied on chemical
By Wang Yanlin |
March 23, 2013, Saturday
|
Print Edition
Print Edition
CHINA will collect anti-dumping duties on the chemical resorcinol imported from the United States and Japan starting today, the Ministry of Commerce said yesterday.
It is the latest case in a series of tariffs on imported chemicals. China announced 10 days ago that it would levy anti-dumping duties on imported toluene diisocyanate from the European Union. Both substances are used in manufacturing rubber, dyes and plastics.
Japanese companies exporting the chemical to China will face duties of 40.5 percent on resorcinol.
US-based INDSPEC Chemical Corp and other companies will have to pay a tariff of 30.1 percent, the ministry said.
The ministry's decision concluded a one-year investigation into the product.
Trade relations between China and the US, as well as the EU, have been strained in the past few years as they have imposed extra taxes on Chinese paper, poultry, shoes, steel and many other products.
It is the latest case in a series of tariffs on imported chemicals. China announced 10 days ago that it would levy anti-dumping duties on imported toluene diisocyanate from the European Union. Both substances are used in manufacturing rubber, dyes and plastics.
Japanese companies exporting the chemical to China will face duties of 40.5 percent on resorcinol.
US-based INDSPEC Chemical Corp and other companies will have to pay a tariff of 30.1 percent, the ministry said.
The ministry's decision concluded a one-year investigation into the product.
Trade relations between China and the US, as well as the EU, have been strained in the past few years as they have imposed extra taxes on Chinese paper, poultry, shoes, steel and many other products.
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