"CHINA has decided to extend an investigation into imported potato starch from the European Union for another month to September 30, the Ministry of Commerce said yesterday.
Its move came after reports said the EU is considering raising tariffs on cheap Chinese goods in a bid to save its companies.
China said in May in a preliminary ruling that it would levy countervailing duties of up to 11.19 percent on imports of EU potato starch.
Trade disputes between China and EU have shown signs of escalating this year.
In May, the European Commission, the EU's executive arm, ruled against China's copper plate makers by imposing a countervailing duty of 4 percent to 12 percent. Earlier this month, the EU said it will extend anti-dumping duties on Chinese bicycles and bicycle parts for another five years and raised the duties to 48.5 percent. It also levied a five-year penalty duty of up to 69.7 percent on Chinese wall bricks and floor tiles".............READ MORE
No comments:
Post a Comment