China to drop anti-dumping measures on imported rubber

The Chinese Ministry of Commerce has announced it will waive its anti-dumping measure on rubber imported from Russia, Japan and the Republic of Korea, starting from Monday.

Officials say they hadn't received any requests from Chinese companies to extend the anti-dumping measure, which included duties of up to 38 percent on styrene butadiene rubber, a raw chemical material used in tires and other rubber products. The five-year measure was first introduced in 2009. At the time, investigations found that dumping caused substantial damage to the domestic industry.