EU IMPOSES ANTI-DUMPING TARIFFS ON CHINESE ALUMINUM FOIL

2009-09-24 21:56:26

BRUSSELS, Sept. 24 (Xinhua) — The European Union decided Thursday
to impose five-year duties on aluminum foil imported from China,
Brazil and Armenia over alleged dumping charges.

The EU said in its decision that the duties were up to 30 percent as a
punishment to Chinese exporters for selling the product at below cost,
or dumping. Reports say that Shanghai-based Alcoa Aluminum Products
Co. was affected by the punishment.

The tariffs on Brazilian products are 17.6 percent, Armenia’s are
13.4 percent.

The EU accepted an offer by Brazil’s Companhia Brasileira de
Aluminio to sell at a minimum price in return for an exemption from
the anti-dumping duty. It rejected a similar proposal by Armenia’s
Rusal-Armenal company.

The five-year duties came after six-month provisional duties expired
and will go into effect once being published in the EU’s Official
Journal by Oct. 8. The six-month levies were up to 42.9 percent.

The EU staged a probe into the products from the three countries
began in July 2008 after receiving a dumping complaint by the European
Association of Metals.

The measure covers aluminum foil in rolls as wide as 650 millimeters
and a weight exceeding 10 kilograms, with a thickness between 0.008
millimeter and 0.018 millimeter.

On the same day, the EU decided to slap tariffs as high as 39.2percent
on Chinese steel seamless pipes and tubes.