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MOF proposes lower anti-dumping duty

26
Jul '06
To protect domestic towel market, Government has decided to levy anti-dumping duties on import of towels from China, informed official of Ministry of Economic Affairs (MOEA).

These duties will be based on margin of dumping where normal value exceeds the export price of merchandise and ranging from 86.6 percent to 204.1 percent for next five years.

Ministry of Finance (MOF) has decided anti-dumping margin on case basis such as for Chinese manufacturers Zhejiang Twin-Lantern Home Textile Co 86.6 percent, 88.5 percent for Kunshan Shanming Textile Co while 204.1 percent for other Chinese manufacturers or exporters.

To examine impacts of the anti-dumping duties on local market, Finance Ministry has sent report to the MOEA.

After considering all the pros & cons, MOEA will take decision within 40 days.

MOF had charged an anti-dumping duty of 107.3 percent on towels made by Zhejiang Twin-Lantern Home Textile, 109.3 percent on those of Kunshan Shanming Textile and 237.7 percent on all other towel imports from China, the highest provisional anti-dumping rate Taiwan has ever levied.

Government has forced to impose anti-dumping duty because Chinese imports had controlled the local market with almost 70 percent market share in towel industry in 2004 while domestic producer's market share was mere 8.42 percent in 2004.

Juan Chuan-ho, deputy executive secretary of the International Trade Commission has informed that further import-relief will be announced after the anti-dumping rates are finalized.


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