The United States Levying An Anti-Dumping Duty On The Chinese Mainland'S Ribbon Is Up To 247%.

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In July 13th, the US Department of Commerce announced that it would impose a 247.65% anti-dumping duty on gift boxes, ribbons and other ribbons made in mainland China, claiming that the prices of related products were unfair and imposing a tax of not more than 4.37% on related products in Taiwan.

This is the second time that the United States has made anti-dumping against the Chinese gift box ribbons.

In early February of this year, the US Department of Commerce levies a maximum anti-dumping duty of more than 231% on the gift boxes and packaging ribbons produced in mainland China. At the same time, it also levies taxes of not more than 4.54% on related products in Taiwan.

Compared with the last time, the anti-dumping duty on the mainland was obviously overweight, and the opposite was true.

The company submitted an application to the US International Trade Commission and the US Department of Commerce on 9 July 2009, requesting anti-dumping and countervailing investigations on the ribbon originating in the mainland of China, and an anti-dumping investigation of ribbon weaving in Taiwan, China.

Zhao Zhongxiu, Dean of the school of international trade and economics of the University of foreign trade, said that many enterprises producing silk ribbons in Taiwan are now turning to the mainland to carry out "three to one supplement" and other forms of processing. Their basic characteristics are Taiwan's orders and mainland production, and then exported to Europe and the United States.

So many ribbons in the European and American markets are products of Taiwan, China.

Some experts believe that it is not reasonable to impose anti-dumping duties far higher than Taiwan on the mainland's silk ribbon.

According to reports, the anti-dumping duties, in addition to Xiamen Yao Ming ribbon Jewelry Co., Ltd., other companies need to pay 123.83% or 247.65% anti-dumping duties, while the Fujian Changtai Rong Shu Textile Co., Ltd. set up 117.95% countervailing duty, to offset government subsidies.

The Yao Ming Ribbon company of Xiamen experienced more than half a year's anti dumping actions, and the result was the success of the initial decision with zero tariff.

The other company that gave up the respondent received 231.4% punitive duty, while the remaining 13 enterprises were found to be 115.70% of the dumping duty rate.

A person in charge of the Department of trade management of Sanyang textile company in Shandong told reporters that 20% of the company's products were sold to Europe and the United States. It is not clear what anti-dumping matters are, and if they are taxed by anti-dumping, they really do not know how to deal with them.

He said, "not really.

Zhao Zhongxiu believes that such anti-dumping duties will have an impact on Chinese enterprises in the short term. If Chinese enterprises improve their product quality, they will still open up the European and American markets.