Latest news with #antiDumping
South China Morning Post
07-07-2025
- Business
- South China Morning Post
Why France is toasting China's new tariff on European brandy
China's new anti-dumping duty targeting European brandy unexpectedly became the toast of France over the weekend, after Beijing granted exemptions to a string of French cognac makers. The cordial reaction in Paris came as a surprise to many analysts, who had initially predicted that China's decision to impose the tariff might further raise tensions with the European Union and sour preparations for an upcoming leaders' summit in Beijing. But French leaders ended up hailing the ruling as a 'positive step', after a deal was brokered that saw major producers including Hennessy, Martell and Rémy Martin sign on to a minimum export price that exempted them from the levy. That allowed Chinese foreign minister Wang Yi to wrap up his European tour on a positive note on Sunday, with Beijing having published an official list of 34 companies exempted from the tariff and French industry insiders sharing that the move could have a huge impact. The exemptions will cover roughly 90 per cent of French cognac exports to China in volume terms, according to France's Union Générale des Viticulteurs pour l'AOC Cognac (UGVC), a producers' union with 2,000 members. French foreign minister Jean-Noël Barrot framed China's announcement as an 'agreement' reached between China and the cognac industry at a joint press conference with Wang on Friday evening, Paris time.
Al Arabiya
05-07-2025
- Business
- Al Arabiya
Malaysia puts anti-dumping duties on some China, South Korea, Vietnam iron, steel
Malaysia said on Saturday it has imposed provisional anti-dumping duties ranging from 3.86 percent to 57.90 percent on certain iron and steel imports from China, South Korea and Vietnam. The duties on imports of galvanized iron coils or sheets or galvanized steel coils or sheets were imposed based on a preliminary determination made in an anti-dumping duty investigation initiated on February 6, the investment, trade and industry ministry said in a statement. 'The government finds that there is sufficient evidence that the importation of the subject goods... is being dumped and that the investigation should be continued,' it said. The provisional duties be in effect from Monday for up to 120 days with a final determination to be made by November 3, the ministry said.
Free Malaysia Today
05-07-2025
- Business
- Free Malaysia Today
Malaysia slaps duties on steel imports from China, South Korea and Vietnam
The investment, trade and industry ministry said action has to be taken to prevent 'further injury' to the domestic industry. (Reuters pic) PETALING JAYA : The government has imposed provisional anti-dumping duties ranging from 3.86% to 57.90% on certain iron and steel imports from China, South Korea and Vietnam. The investment, trade and industry ministry said the duties will take the form of bank guarantees, effective for up to 120 days starting July 7, pending a final determination by Nov 3. This follows a preliminary investigation on Feb 6 into flat-rolled iron or non-alloy steel products coated with zinc using the hot-dip process, commonly known as galvanised steel coils or sheets. Local steelmaker CSC Steel Sdn Bhd had lodged a petition, claiming that imports from the three countries were being sold below their domestic market prices, causing losses to Malaysian producers. 'The government has found that there was sufficient evidence to continue with further investigation on the importation of the subject merchandise from China, South Korea and Vietnam at dumped prices. 'The provisional measure is necessary to prevent further injury to the domestic industry,' the ministry said in a statement today. Companies and exporters affected by the decision have until July 14 to submit feedback. A final decision will be made by Nov 3. More information, including a public version of the findings, may be found at
Malay Mail
05-07-2025
- Business
- Malay Mail
Miti: Evidence of dumped steel imports from China, South Korea, Vietnam prompts provisional duties
KUALA LUMPUR, July 5 — The government has found sufficient evidence that imports of galvanised iron or steel coil and sheet products from China, South Korea, and Vietnam were brought into the country at dumped prices. The Ministry of Investment, Trade and Industry (Miti) said in a statement that this preliminary determination in the anti-dumping duty investigation was made under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993. 'Therefore, the government has decided to impose a provisional anti-dumping duty, in the form of a bank guarantee, equivalent to the identified dumping margin in the preliminary determination, ranging from 3.86 per cent and 57.90 per cent on imports of the subject merchandise from China, South Korea, and Vietnam, to prevent further material injury to the domestic industry during the investigation. 'The imposition of temporary anti-dumping duties will be effective for a period not exceeding 120 days, starting from July 7, 2025, and a final determination will be made on or before November 3, 2025,' it said. According to Miti, the government initiated the anti-dumping investigation on February 6, and based on this preliminary determination, the investigation will proceed. The probe, conducted under the Countervailing and Anti-Dumping Duties Regulations 1994, was initiated following a petition filed by CSC Steel Sdn Bhd. The petitioner, representing the local industry producing similar products, alleged that the subject goods originating from China, South Korea, and Vietnam were imported into Malaysia at prices lower than those in their respective domestic markets, causing material injury to the Malaysian industry. However, Miti stressed that interested parties, including importers, producers, foreign exporters, or relevant associations, are invited to provide comments or views on the preliminary determination report. Submissions must be made no later than July 14, 2025. 'Interested parties may obtain the non-confidential version of the Preliminary Determination report via the Trade Remedies Investigation Management (Trima) system at said Miti. — Bernama
CNA
05-07-2025
- Business
- CNA
Malaysia puts anti-dumping duties on some China, South Korea, Vietnam iron, steel
KUALA LUMPUR: Malaysia said on Saturday (Jul 5) it has imposed provisional anti-dumping duties ranging from 3.86 per cent to 57.9 per cent on certain iron and steel imports from China, South Korea and Vietnam. The duties on imports of galvanised iron coils or sheets or galvanised steel coils or sheets were imposed based on a preliminary determination made in an anti-dumping duty investigation initiated on Feb 6, the investment, trade and industry ministry said in a statement. "The government finds that there is sufficient evidence that the importation of the subject goods ... is being dumped and that the investigation should be continued," it said. The provisional duties will be in effect from Monday for up to 120 days with a final determination to be made by Nov 3, the ministry said.
