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ECONOMY
THIS WEEK> THIS WEEK NO. 33, 2012> ECONOMY
UPDATED: August 13, 2012 NO. 33 AUGUST 16, 2012
Anti-dumping Review
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China on August 8 started to reexamine anti-dumping measures it imposed on chloroprene rubber imported from a Japanese supplier, said the Ministry of Commerce.

The move came after the ministry received complaints that Japan Electric Chemical Co. increased dumping activities and flouted the country's anti-dumping measures.

Chinese chloroprene rubber producers filed an application for a reexamination of anti-dumping measures against the Japanese company's products.

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

In 2011, the ministry extended the anti-dumping duties for another five years.

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



 
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