China expected to deliver PS dumping verdict Oct or Nov
30 September 2001 13:15 [Source: ICIS news]
SINGAPORE (CNI)--China is expected to deliver a preliminary judgement in either October or November concerning its investigation into alleged dumping of polystyrene (PS) by Japanese, South Korean and Thai producers.
China's Ministry of Foreign Trade and Economic Co-operation (Moftec) launched the investigation in February.
Producers from the three countries met officials from Moftec and the State Economic and Trade Commission on 24 August in China to present their case. Chinese producers also attended the meeting.
"We expect a preliminary judgement by October or November and a final verdict next year," said a South Korean producer, who was present at the meeting.
This is one of a flurry of recent investigations by China into allegations of the dumping of chemical products.
In September of last year China's first dumping investigation into a chemical product - polyester film - concluded after 15 months with the imposition of final antidumping duties. The duties imposed against South Korean producers ranged between 13-46% following a probe, which examined shipments between 1996 and 1998.
South Korean polyester chip and polyester staple fibre (PSF) producers are also being currently investigated.
"As import tariffs are further reduced and import quotas removed as part of China's accession to the World Trade Organisation (WTO), the country is becoming more familiar with international procedures for investigating dumping in order to protect its industry," said an industry source.
By: Malini Hariharan
+65 6780 4359
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