The Chinese Ministry of Commerce (MOFCOM) said it will conduct a one-year-long expiry review of anti-dumping measures imposed on imported chlorobutyl rubber from the U.S., the EU, the UK and Singapore starting from August 20.
The review will examine whether stopping trade remedy measures covering these goods will lead to future dumping activity or any damage, MOFCOM said in a statement posted on its website on Wednesday.
In 2018, China imposed anti-dumping tariffs on imported chlorobutyl rubber from the U.S., the EU, the UK and Singapore. The tariffs rates were set at 75.5 percent for goods from the U.S.; 27.4-71.9 percent for the EU and 23.1-45.2 percent for Singapore. Goods from the UK face 71.9 percent rate. The trade remedy measures were set for five years and are set to expire on August 20.
The ministry said it received an application from a Chinese company based in East China's Zhejiang Province on June 19 requesting an expiry review assessing the impact of the termination of trade remedy measures. The request was supported by another Chinese company in East China's Shandong Province.
The companies requested trade remedy measures to stay in place during the course of the review.
MOFCOM said it decided that the applications are valid and that it will begin the review from August 20.
The Customs Tariff Commission of the State Council, on recommendation of MOFCOM, has announced that current tariffs on chlorobutyl rubber will be maintained over the course of the review process.
Chlorobutyl rubber has been used in making tires, medicinal bottle stoppers, and various adhesives.
MOFCOM said the review should be completed before August 20 next year.