China will impose a five-year anti-dumping tax on imported
acrylates made in the Republic of Korea (ROK), Malaysia, Singapore
and Indonesia beginning Thursday, according to the Ministry of
Commerce.
China initiated an anti-dumping investigation with regard to
acrylates on Oct. 10, 2001, and began temporary anti-dumping
measures against imports of the product on Dec. 5, 2002.
According to the final investigation and relevant Chinese
anti-dumping regulations, the Ministry of Commerce judged that
dumping did take place, the imports did cause substantial damage to
China's domestic industry.
With suggestions from the Ministry of Commerce, the Tariff Policy
Commission of the State Council decided to impose an anti-dumping
tax on the product. The Ministry of Commerce said the cash deposit
provided by importers according to the first arbitration would be
counted toward the final arbitration and transferred into
anti-dumping tax. The cash deposit for value-added tax on related
imports would also be transferred to the tax.
(Xinhua News Agency April 9, 2003)