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Article: EU slaps trade charges on Chinese imports of citric acid
- Article from:
- AP Worldstream
- Article date:
- June 3, 2008
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The European Union slapped trade charges on Chinese imports of a widely used food preservative Tuesday for allegedly illegally undercutting European producers.
Antidumping duties of nearly 50 percent will be charged on citric acid imports for six months from Wednesday to give two EU companies a chance to recover from losing market share to imports the EU says the Chinese government partly subsidized.
EU nations will decide later this year on whether to keep the duties for a further five years.
Austria's Jungbunzlauer and Belgium's SA Citrique Belge, owned by Dutch chemicals producer DSM NV, are the only Europe-based producers of the preservative.
EU trade ...