The State Council issued an order here Monday, announcing that the
country's Anti-dumping Statute will be effective from January 1,
2002.
The statute, which was approved at the 46th executive meeting of
the State Council on October 31, 2001, includes regulations
concerning dumping and damage, anti-dumping investigations,
anti-dumping measures and an anti-dumping tax.
According to the statute, anti-dumping investigations will be
conducted on the condition that imported products enter China at a
price lower than their actual export value, and actually cause
damage, or pose a potential danger, to domestic enterprises.
The Ministry
of Foreign Trade and Economic Co-operation (MOFTEC) will be
responsible for conducting anti-dumping investigations and taking
relevant measures.
The newly issued statute put forward three kinds of anti-dumping
measures, namely, temporary anti-dumping measures, price promises
and an anti-dumping tax.
Temporary anti-dumping measures are valid for between four and nine
months. The collection period for the anti-dumping tax and price
promises should not exceed five years.
However, if terminating the collection of anti-dumping tax will
prolong losses caused by dumping activities, the period for the
collection of anti-dumping tax may be extended.
(Xinhua News
Agency December 11, 2001)