Tasas de cumplimiento de la UE: Medidas contra las importaciones de fibra de vidrio de China.
Brussels has imposed tariffs ranging from 26.3% to 56.1% on imports of fiberglass yarn originating from China, adding to the tariff dance involving Donald Trump and the United States of America, with Xi Jinping and China playing key roles. These fiberglass yarn imports are essential for sectors such as renewable energy and sustainable construction.
The implementation of these tariffs came into effect in late March, shortly after Trump’s announcement of «Liberation Day,» which caused significant volatility in global trade and markets. Additionally, Spanish Prime Minister Pedro Sánchez’s visit to China to meet with President Xi Jinping resulted in a positive agenda and high-level political engagement with the Asian giant.
An investigation initiated by the European Commission found evidence of dumping by Chinese exporters, leading to the imposition of provisional anti-dumping duties on fiberglass yarn imports from China. The Commission determined that Chinese prices and costs did not reflect free market conditions due to significant state intervention in the Chinese market.
To calculate the normal value, Turkey was chosen as a representative country, and data from Turkey was used to establish production and selling costs without taxes. The Commission calculated provisional dumping margins for specific companies and all other imports from China.
The provisional anti-dumping duties imposed on fiberglass yarn imports from China are considered to be in the interest of the European Union and will be in effect for six months. Valencian group Romeo, through its subsidiary ALCANZAR, is actively involved in opposing these tariffs on fiberglass imports. Brussels has found significant distortions in China, which have made Chinese prices and domestic costs inadequate to determine the normal value.
Brussels believes there is significant state intervention in the Chinese market, and that prices and costs in China do not reflect free market conditions, justifying the calculation of the normal value with external references.
To calculate the normal value, the commission selected Turkey as a suitable representative country and used data from this country to establish production and sales costs without taxes.
The Commission calculated a weighted provisional dumping margin of 26.3% for New Material Co., Ltd., and 56.1% for all other imports from China.
The investigation provisionally concluded that the European industry has suffered «significant damage» during the investigation period, and imported dumping from China is the cause of such damage. The imposition of provisional anti-dumping duties is considered «in the interest of the Union.»
As a result, provisional anti-dumping duties were imposed on imports of fiberglass yarn originating in the giant Asian country.
Of course, the document in Brussels states that this regulation is provisional and will be valid for a period of six months while the conclusions that led to the imposition of these duties are still provisional.
Given this situation, the Valencian group, Romeo, the main Spanish logistics company, through its branch, ALCANZAR, is participating in the fiberglass import companies facing these tariffs.
The European Union (EU) joins the tariff dance with Donald Trump and the United States of America as its main protagonists, and Xi Jinping and China as the main supporting actors. Brussels imposed tariffs ranging from 26.3% to 56.1% on imports of fiberglass yarn originating in the giant Asian country.
These fiberglass yarns are essential for sectors such as renewable energies and sustainable construction.
Furthermore, this «tax» on the entry of these products into European territory came into effect at the end of March, a few days after Trump’s announcement of «Liberation Day» aroused trade and markets worldwide, with completely exceptional and historical volatility in global stock exchanges.
It also comes to the fore when the Prime Minister, Pedro Sánchez, traveled to China to meet with its President, Xi Jinping, and after this meeting, chose a «positive agenda» and to maintain a «high level of political dialogue» with the Asian giant.
All this, although it was ensured that Spain’s foreign policy «is not against anyone» after heavy criticism from the United States for his trip to the Asian country.
This EU enforcement regulation consulted by this newspaper establishes a provisional anti-dumping on imports of fiberglass yarn from the People’s Republic of China. The European Commission has initiated an anti-dumping investigation after a complaint filed by Fiberglass Europe, which found evidence of dumping and threatening significant damage to the EU industry.
Due to the «low cooperation» from Chinese export producers, the commission has decided to terminate the investigation and applied Article 18 of the basic regulations to determine dumping. Brussels found significant distortions in China, making Chinese prices and domestic costs inadequate to determine the normal value.
Brussels believes there is significant state intervention in the Chinese market, and that prices and costs in China do not reflect free market conditions, justifying the calculation of the normal value with external references.
To calculate the normal value, the commission selected Turkey as a suitable representative country and used data from this country to establish production and sales costs without taxes.
The Commission calculated a weighted provisional dumping margin of 26.3% for the company New Material Co., Ltd., and 56.1% for all other imports from China.
The investigation provisionally concluded that the European industry has suffered «significant damage» during the investigation period, and imported dumping from China is the cause of such damage. The imposition of provisional anti-dumping duties is considered «in the interest of the Union.»
As a result, provisional anti-dumping duties were imposed on imports of fiberglass yarn originating in the giant Asian country.
Of course, the document in Brussels states that this regulation is provisional and will be valid for a period of six months while the conclusions that led to the imposition of these duties are still provisional.
Given this situation, the Valencian group, Romeo, the main Spanish logistics company, through its branch, ALCANZAR, is participating in the fiberglass import companies facing these tariffs. Please rewrite this sentence.
FUENTE
