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ECONOMY
Weekly Watch> WEEKLY WATCH NO. 43, 2011> ECONOMY
UPDATED: October 21, 2011 NO.43 OCTOBER 27, 2011
Anti-dumping Tax
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China will impose an anti-dumping tax on imports of caprolactam, a synthetic polymer widely used in textiles, from the EU and the United States for five years beginning on October 22, 2011, the Ministry of Commerce (MOFCOM) said.

According to the MOFCOM statement, DSM Fibre Intermediates B.V. and six other European companies will be subject to an anti- dumping tax between 2.3 and 4.9 percent, while other EU companies will be subject to an anti-dumping tax of 25.5 percent.

As for U.S. caprolactam exports to China, DSM Chemicals North America, Inc., Honeywell Resins & Chemicals LLC and the BASF Corporation will face an anti-dumping tax of 2.2 percent, 3.6 percent and 2.5 percent, respectively. Other U.S. companies will be levied a uniform anti-dumping tax of 24.2 percent, said the MOFCOM.



 
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