Arab Today, arab today china slaps antidumping tax on eu chemical
Last Updated : GMT 06:51:35
Arab Today, arab today
Arab Today, arab today

China slaps anti-dumping tax on EU chemical

Arab Today, arab today

Arab Today, arab today China slaps anti-dumping tax on EU chemical

Beijing - AFP

China announced on Thursday it would impose anti-dumping tariffs on a chemical imported from the European Union, the latest twist in a series of bitter trade disputes between the two economic giants. The Chinese government from Friday will collect punitive taxes of up to 36.9 percent from the EU on toluidine, an agent used to produce dyes, medicines, pesticides and other products, the commerce ministry said. China a year ago opened an investigation into the alleged dumping -- or selling at a price below costs -- of EU toluidine in the country. The tax will be collected for five years, the ministry said in a statement. \"The product under investigation was dumped (in China) and China\'s toluidine industry suffered material injury,\" the statement said. The EU office in Beijing had no immediate comment. The ruling came as China and the EU are at loggerheads over a series of disputes covering products including solar panels, telecom equipment, wine and steel pipes. The European Commission, the EU\'s executive arm, earlier this month imposed an average tariff of 11.8 percent on solar panel imports from China -- which will rise to more than 47 percent in August if negotiations fail to resolve the dispute. China quickly hit back by launching an anti-dumping and anti-subsidy inquiry into sales of European wine, stoking fears the dispute was escalating. But EU Trade Commissioner Karel De Gucht said last week on a visit to China that Brussels and Beijing can reach a speedy agreement over the solar panels, dismissing trade war fears by saying that an escalation \"would be stupid for both sides\". Total trade between the two sides fell 3.7 percent year-on-year in 2012, with China\'s imports from the bloc rising 0.4 percent to $212 billion, while shipments in the opposite direction tumbled 6.2 percent to $334 billion, Chinese customs data showed.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china slaps antidumping tax on eu chemical Arab Today, arab today china slaps antidumping tax on eu chemical

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china slaps antidumping tax on eu chemical Arab Today, arab today china slaps antidumping tax on eu chemical

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday