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China waives anti-dumping measures on Russian rubber
September 7, 2014, 6:04 am

China accounts for about 35 per cent of global rubber consumption [Xinhua]

China accounts for about 35 per cent of global rubber consumption [Xinhua]

The Chinese Ministry of Commerce said Sunday it would waive anti-dumping measures on rubber imported from Russia, Japan and South Korea beginning Monday. China is the world’s largest user of rubber.

The Ministry said it has received no expiry review request from Chinese industries to extend the anti-dumping measures, which expire Sunday, and the Ministry would not independently initiate an expiry review.

The five-year anti-dumping duties against styrene butadiene rubber, a raw chemical material used in tires and other rubber products, were imposed in 2009 as investigations found dumping caused substantial damage to the domestic industry, the MOC said.

Previously, Chinese importers had to pay taxes ranging from zero percent to 38 per cent, depending on the manufacturers, to Chinese Customs.

China accounts for about 35 per cent of global rubber consumption, with most going to its tyre-making industry. Imports for 2013 hit 2.47 million tonnes, a 13.5-per cent rise from 2.18 million in 2012.

 

Source: Agencies