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Anti-dumping probe in to imports of Chinese suits
03
Mar '10
The Ministry of Industry has recently issued a statement, saying that Argentina has decided to launch anti-dumping investigations on western style suits, suits and jackets exported to Argentina from China.

The notice says that the survey was conducted by the Argentine Anti-Unfair Competition and Investigation Bureau, following the documents submitted by Garment Industry Association of Argentina and several apparel companies.

The fact has been confirmed that Chinese men's and children's western style suits and jackets were dumped in Argentine market at the prices less than that in China's domestic market, which seriously squeezed market shares of Argentine companies.

The notice also pointed out that, China made suits and jackets exported to Argentina showed a dumping margin of 561 percent, according to preliminary findings.

In recent years, Sino-Argentina trade has been rapidly developing. Argentina's National Bureau of Statistics reported that bilateral trade between China and Argentina amounted to US $8.82 billion in 2009, down 35.8 percent from 2008.

Analysts generally agree that the adverse effects of financial crisis and restrictive measures against imports taken by Argentina were the main reasons for the substantial decline in bilateral trade last year.

Fibre2fashion News Desk

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