The Ministry of
Commerce said on Wednesday that its imposition of anti-dumping
duties on acrylate imports from Japan and the US has come to an
end, as it had announced it would on June 1.
Provisional anti-dumping measures were implemented on November
23, 2000 against Japanese and US acrylate imports, meaning those
with profit margins between 24 and 71 percent had to pay
duties.
The concerns of three Chinese producers of acrylate, an
industrial raw material used to make plastic models and optical
parts, jewelry, adhesives, paint and textile fibers, had prompted
anti-dumping investigations.
In June 2001, the former Ministry of Foreign Trade and Economic
Cooperation formalized the measures, giving them a five-year term
in line with WTO rules.
Smaller companies, downstream in the industrial chain, supported
the end of the measures for fear of higher prices and less choice
in acrylate supplies.
Gong Beifan, secretary general of China Adhesives Industry
Association, had said in September that the anti-dumping
measures had caused 50 billion yuan (US$6.2 billion) losses for the
adhesive industry.
(China.org.cn November 24, 2005)