European Union Imposes 5 Year Tariff on Armenian Aluminum
2009/09/26 | 10:11

economy

A ccording to Bloomberg.com, The European Union imposed five- year
tariffs on aluminum foil from China, Brazil and Armenia to help EU
producers compete against cheaper imports.

The duties as high as 30 percent punish Chinese, Brazilian and
Armenian exporters for selling the wrapping in the 27-nation EU below
cost, a practice known as dumping. The tariffs are 17.6 percent on
Companhia Brasileira de Aluminio and any other Brazilian exporters,
13.4 percent on Armenia’s Rusal-Armenal and any fellow exporters and
as much as 30 percent on Chinese manufacturers.

The EU accepted an offer by Companhia Brasileira de Aluminio to sell
at a minimum price in return for an exemption from the anti-dumping
duty while rejecting a similar proposal by Rusal-Armenal.

The duties against China, Brazil and Armenia are the outcome of a
probe opened in July 2008 after a dumping complaint by the European
Association of Metals.