Less Ads, More Data, More Tools Register for FREE

EU Opens Anti-dumping Probe Into Chinese Ceramic Tiles

Mon, 21st Jun 2010 17:34
BRUSSELS (AFP)--European trade regulators have opened new anti-dumping proceedings against China, this time over below-cost imports of ceramic tiles. The European Commission served notice at the weekend, in its official journal, that following a complaint received last month, it is investigating Chinese ceramic tile producers and exporters. Products being probed are "glazed and unglazed ceramic flags and paving, hearth or wall tiles" and "glazed and unglazed ceramic mosaic cubes," according to the European Union's Official Journal of legal notices, dated June 19. It reported accusations that the "volume and prices of the imported product" had caused "a negative impact on the quantities sold and the market share" held by European producers. Dumping occurs when exports are sold at below the cost on their home market, and the EU and China have become embroiled in a series of tit-for-tat disputes, notably in the cases of Chinese shoes and iron or steel fasteners such as screws, requiring World Trade Organization adjudication. EU-China trade has exploded in recent years, making the E.U. the top destination for Chinese exports while China is Europe's biggest trade partner after the U.S. It has also led to an accumulation of disputes between the two sides at the Geneva-based global trade body, notably Chinese shoes and certain raw materials. An investigation such as the current one can take up to 15 months from the date of publication in the journal, with the E.U. having nine months in which to impose provisional penalty duties. (END) Dow Jones Newswires June 21, 2010 12:34 ET (16:34 GMT)

Related News

Oil falls over 1% after Trump says talks with Iran ongoing
57 mins ago

Oil falls over 1% after Trump says talks with Iran ongoing

* Brent, WTI slip after previous session's sharp rally

GB Group to take near-term margin hit as one-offs lead to hefty loss
57 mins ago

GB Group to take near-term margin hit as one-offs lead to hefty loss

(Alliance News) - GB Group PLC on Tuesday said one-off development costs will hurt margins in the current financial year, as one-off charges dragged i...

IN BRIEF: Hammerson prices EUR350 million in bonds, confirms outlook
1 hour ago

IN BRIEF: Hammerson prices EUR350 million in bonds, confirms outlook

Hammerson PLC - London-based real estate investment trust focused on city-centre shopping centres - Prices EUR350 million in five-year bonds at 110 ba...