China eyes anti-dumping measure over chemical import
China is set to impose anti-dumping measures on the United States, the United Kingdom, France, Italy and Taiwan over the import of polyamide-6,6, a chemical used to produce synthetic plastics and fibers, including nylon.
'The move followed a preliminary ruling made by (the Ministry of Communications), which said the four countries and Taiwan have dumped polyamide-6,6 on the Chinese mainland,' said a report in Friday's China Daily. 'The dumping caused substantial damage to the mainland polyamide-6,6 industry. Importers would have to pay a deposit when bringing polyamide-6,6 into the Chinese mainland, MOC said. The amount of the deposit paid at customs would be decided by the dumping margins of different producers, ranging from 10.9 percent to 37.5 percent.'
The anti-dumping duty is slated to begin Friday.