The Ministry of Commerce will impose penalties on low-price exports. The situation that chemical products rely on price war to form export advantages will be curbed

The reporter learned on May 12 that for the 11th consecutive year of anti-dumping in China, the Ministry of Commerce is currently revising the Interim Provisions on the Punishment of Low-cost Export Behaviors in order to further curb the low-cost export behavior and reduce the domestic industry experience. Anti-dumping risks. According to industry analysts, once the "Regulations" are formally introduced, China's low-cost exports of chemical products may face penalties in the future, and the situation of relying on price wars to form export advantages will be contained.

It is understood that this move by the Ministry of Commerce has a cause. On May 9th, the World Trade Organization (WTO) published an anti-dumping report. Last year, the number of anti-dumping cases that our country encountered was the same as last year, accounting for 30% of the global total. Among them, China's export of chemical products is the most serious anti-dumping product. According to the WTO report, the number of global anti-dumping cases declined last year. A total of 17 WTO members imposed 131 new anti-dumping measures in the year, a decrease of 20 items from the previous year. China's new anti-dumping measures are as high as 40, and new anti-dumping investigations have reached 55, accounting for about 30% of the global total. Our country suffered from "anti-dumping investigation" and "anti-dumping measures". Last year, it was far higher than other members of the WTO. It has been ranked first in the world for 11 consecutive years.

In recent years, more and more chemical products have been exported to China, and at the same time, it has become a hard-hit area for anti-dumping. Chemical products such as tires, polystyrene, nitrites, and citric acid are the most serious anti-dumping products in China, and the reason why foreign countries anti-dumped some of my chemical products is indeed caused by the price war of these products. The reporter learned from the China Minmetals Chemicals Import & Export Chamber of Commerce that tires are the largest chemical export commodity in China except for refined oil. In 2005, a total of 225 million tires were exported, representing a year-on-year increase of 12.78%. The export earned US$3.78 billion. The products are exported to 199 countries. Since 2001, China’s tire exports have been subjected to anti-dumping investigations by Peru, Egypt, Turkey, South Africa, Mexico, India and other countries six times. Recently, some countries still brewing anti-dumping investigations on Chinese tires.

It is understood that the details of the penalty regulations have not been disclosed, but there are reports that the new provisions may draw on the WTO's anti-dumping investigation procedures. Once the relevant applicant (whistleblower) reports to a domestic company, the foreign trade department initiates an investigation and initiates a penalty for the target of establishing a low-cost export.

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