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Article: EU IMPOSES ANTI-DUMPING TARIFFS ON CHINESE ALUMINUM FOIL.
- Article from:
- AsiaPulse News
- Article date:
- September 25, 2009
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BRUSSELS, Sept 25 Asia Pulse - The European Union decided Thursday to impose five-year duties on aluminum foil imported from China, Brazil and Armenia over alleged dumping charges.
The EU said in its decision that the duties were up to 30 per cent as a punishment to Chinese exporters for selling the product at below cost, or dumping. Reports say that Shanghai-based Alcoa Aluminum Products Co. was affected by the punishment.
The tariffs on Brazilian products are 17.6 per cent, Armenia's are 13.4 per cent.
The EU accepted an offer by Brazil's Companhia Brasileira de Aluminio to sell at a minimum price in return for an exemption from the ...