Tuesday, October 13, 2009

China to Slap Anti-dumping Tax on Chemical Imports

(Industry Week – Agence France-Presse)

China said on October 12 it would impose an anti-dumping tax of up to 37.5% on imports of polyamide-6/6 from five countries including the United States.

The tax would be effective for five years from October 13 after probes found "the domestic polyamide-6/6 industry suffered substantial damages" from "the dumping" of the imports, the commerce ministry said. Besides imports from the U.S., those from Italy, Britain, France and Taiwan will also be affected by the ruling, the ministry said.

Polyamide-6/6 is a chemical widely used in the manufacturing of plastics and textiles. Read more here.