Frbiz Reports China's Paper Industry Firmly Say No To The Countervailing Duty

"US-imposed preliminary countervailing duties on Chinese coated paper" - As soon as he heard this news, immediately stirred up the market thousand ripples. Apart from all walks of life to the criticisms from the U.S. trade protectionism, the press yesterday, also from the China Paper Industry Association was informed by the Secretary-General Zhao Wei, the association has been involved in business in conjunction with the U.S. Department of Commerce to bring the status of coated paper industry market-based complaints. Huatai Group, China's paper industry, a leading legal adviser, told reporters in private, does not rule out the possibility of responding on behalf of individual companies.
Resolute opposition

"This has been done in 2007 imposed countervailing duties of this proposal, the Ministry of Commerce Trade Commission after being rejected by the preliminary ruling, and we have to win once again in 2009, and we feel strong indignation and resolute opposition." Zhao, said in an interview. According to the U.S. countervailing procedures, availability of subsidies from the Ministry of Commerce ruled that occurred in a specific ratio of the occurrence and by the Trade Commission determine whether the damage in the United States-related industries, both foreign governments subsidize the establishment of the final ruling, the Commerce Department will order the implementation of the customs of the product countervailing sanctions.
Zhao believes that the current Sino-US trade friction is behind the U.S. "double standards" logic, "the United States does not recognize China's market position, while the cost of a third country to represent the cost of China, while China's paper industry has a full market based, give us the treatment of non-market-oriented economies is clearly unfair. "

It is reported that according to the U.S. Department of Commerce preliminary ruling on Chinese imports of coated paper will be charged 8.4% of the countervailing duty on imports of coated paper in Indonesia impose countervailing tariffs as high as 17.5%. The statement said that countervailing duties will be levied beginning March 2, continuing until September a decision until the final ruling. Accordance with the relevant statistics, in 2008 China and Indonesia related to coated paper exports to the U.S. were worth 229 million U.S. dollars and 0.44 billion dollars.
"Countervailing duty imposed superstructure and the attitude of the United States the dominant factor, and now the U.S. Department of Commerce for our complaints have also set up many obstacles to the ground late and so rejected." Zhao told reporters frankly stated. However, he stressed that industries and enterprises will actively respond to the follow-up problems that might arise, "in view of the United States to 'double standard' look at the cost of exports of coated paper irrationality, Chinese enterprises will be actively looking for international practice to safeguard the legitimate rights and interests."
Paper prices worse

It is worth mentioning that, in addition to relying on trade associations to persuade the external communications, domestic large-scale art paper suppliers have started to spontaneously responding to plans. "The anti-subsidy tax levy coated paper, 400,000 tons are expected to return home do need a year to digest, domestic paper-making business sales prices, unit profit margins and operating rate of the value of t will be dropped." Guoxin Securities and paper industry Principal Analyst, China Paper Association Member LI Shi-xin, told reporters that even some export volumes of paper itself is not level, profits will push the prices down.

But when the reporter noted that, even if there is no countervailing, anti-dumping taxes, paper prices have also been faced with a stalemate. "Paper prices will be at least a two-year downturn, soaring over the past 2012 paper is not hot does not introduce a subsidy from tax reasons, but the low prices of raw materials, in addition to commodities other than pulp, energy equipment, low cost, low population, the company put into operation wait launched several projects. "According to the analysis of those who declined to be named, told reporters that the present commodity pulp has been a rapid increase from 1,500 yuan to 3,000 yuan, while the incremental supply is demand for 2-fold, reaching 20%.

In addition, the successful experience to the corporate respondent motivation. It is learned that after the South African government issued China's imports of polyester staple fiber anti-dumping case, the final decision, the respondent in five in the four Chinese companies to obtain a zero rate of 12.12% to enjoy a tax rate of Chinese companies are not responding rate of 122.97% . Foreign Trade University, Senior Fellow, Institute of Sino-US economic and trade, Zhou also stressed the need for enterprises to actively responding. He said that the U.S. shrimp anti-dumping case against China in Zhanjiang, the League of Nations after a positive response, scored a zero tax rate, while in the United States against China lying wood furniture anti-dumping lawsuits, the Chinese enterprises have also been actively respond to win the low tax rate.

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