Economy

China continues anti-dumping on chloroprene rubber

(Xinhua)
Updated: 2011-05-10 09:33

BEIJING -- The Chinese Ministry of Commerce (MOC) announced on Monday that it will continue to impose anti-dumping measures on chloroprene rubber imported from Japan, the United States and the European Union for another five years.

The extended anti-dumping measures will take effect beginning Tuesday with a term of five years, according to a statement on the MOC's website.

Related readings:  USITC to keep antidumping duties on China's pipe fittings  Antidumping tariffs set on optical fiber  Drill pipe faces stiff antidumping duties in US

The decision came after a 12-month investigation by the MOC to review measures it had imposed in 2005.

China's domestic chloroprene rubber producers filed an application for a re-examination of the anti-dumping measures against Japanese, US and EU rubber exporters in March of last year.

During the investigation that began on May 9, 2010, the MOC found that dumping by Japan, the US and the EU would be very likely to continue if the anti-dumping measures came to an end, which would damage China's chloroprene rubber industry, according to the statement.

In May 2005 the MOC imposed anti-dumping duties ranging from 2 percent to 151 percent on imported chloroprene rubber from Japan, the US and the EU with a term of 5 years.

Chloroprene rubber, commonly known as Neoprene, is mostly used in manufacturing electrical cables and other types of cables, as well as water-proof products.