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On September 8, the European Commission launched anti-dumping investigations on high tenacity polyester yarn made in China and other countries and regions, this is the first trade remedy investigation on Chinese textiles since the end of 2008 when the China-EU textile agreement expired.
The focus of the case is the establishment of industry-standard country. The European Union has chosen the United States as a market economy of the industry-standard in its notice of the file.
"If the United States would really be chosen as the industry standard, then the possibility of Chinese enterprises being charged by 30 to 50 percent anti-dumping duty will be greatly increased.?? Said Zheng Jun Lin, the Secretary-General of China Chemical Fiber Association, "After all, production cost of the United States is much higher than China.??
This will undoubtedly increase negative factors to responding Chinese enterprises, but there is still a trace of turning point.
40 Chinese mainland enterprises are involved in the case, which involves more than US $100 million. In accordance with EU law, investigation procedures will last for 15 months since September 8, 2009 onwards. European Commission will generally provide a preliminary ruling within 9 months after the establishment of the file.
The complaint was raised by the European Association of Man-made Fibers on behalf of three European companies, the three companies form more than 60 percent share of EU total production of high tenacity polyester yarn. Allegations of the complaining party state that export volume of Chinese products to Europe increased from 2800 tons in 2004 to 51,400 tons in 2008, market share of Chinese products in European market promoted from 1.2 percent to 22.4 percent in 2008.
As early as February 2004, the European Union had filed anti-dumping accusations on high strength polyester fiber yarn made in China Taiwan. Taiwan??s exports of high-strength polyester yarn to the EU were only 2250 tons in 2001, but reached 5200 tons in 2002, and up to 7240 tons in the first 11 months of 2003.
According to statistics of the Mainland, involved product exports from the Mainland China to Europe marked about US $1.2389 billion in 2008, an increase of 33.15 percent year on year.
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