EU launches anti-dumping probe into Chinese aluminum foil
The European Commission has decided to launch an anti-dumping probe into imports of aluminum foil originating from China.
The commission said in the latest official journal of the European Union that the product allegedly being dumped is aluminum foil of a thickness of not less than 0.008mm and not more than 0.018mm, not backed, not further worked than rolled, in reels of a width not exceeding 650mm. Products from Armenia and Brazil were also targeted. “The investigation will determine whether the product concerned originating in Armenia, Brazil and China is being dumped and whether this dumping has caused damage,” the commission said.
The probe was initiated following a complaint lodged on May 28, 2008 by the European Association of Metals. Upon receiving complaints, the commission has 45 days to decide whether to launch an anti-dumping investigation. The EU anti-dumping investigation normally takes no more than a year, and in any case must be completed within 15 months, after which the EU governments have the final say on whether to impose definite anti-dumping duties for five years.
However, during the investigation period, the commission may, within 60 days to nine months, impose provisional duties, which may last for six to nine months. (people.com.cn)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.