TTWTO VCCI - PVTM

News

Destination Europe: More Chinese Products En Route to Europe?

08/10/2009

Stephen Wu described the tariff as a political decision: “The tariff is contrary to free trade spirit. [It] harms not only Chinese, but also US people. More people will lose jobs, than the number of people that keep jobs. It’s not economical. Why does Obama support it? I think he want to exchange for the support of worker unions on other issues. So the Chinese suppliers and the US tyre importers and distributors become victims.”

China dissatisfied with EU duties on Chinese steel pipes

08/10/2009

China was "dissatisfied" with the European Union (EU)'s final ruling of imposing anti-dumping tariffs on Chinese seamless steel pipes, the Ministry of Commerce (MOC) said Tuesday.

Importers must study exemption notifications carefully

08/10/2009

A Division Bench of the Bombay High Court has held [Dimexon Vs. UOI 2009 (241) ELT 519 (Bom.)] that “once a notification is issued under Section 25 of the Customs Act, 1962, that notification alone would govern the issue of exemption of Customs duty”. The judgment is significant because there are many situations when the Foreign Trade Policy (FTP) provisions are different from the Customs exemption notifications.

China renews PVC antidumping measures

08/10/2009

BEIJING (Oct. 5, 2:30 p.m. ET) — After a year-long investigation, China has decided to continue to impose antidumping duties on PVC import from the United States, South Korea, Japan, Taiwan and Russia. The new five-year term started Sept. 29.

Asian shoe stampede presents EU with its toughest test

08/10/2009

Almost a year after taking over as Europe’s trade commissioner, Baroness Ashton faces her stiffest challenge yet as she steps into a dispute involving footwear from China and Vietnam. Confronted by a surge in low-cost imports, Peter Mandelson, her predecessor, slapped duties of 16.5 percent on a variety of leather shoes from China, and 10 percent on those from Vietnam in 2006.

Dhaka to lobby WTO over US tariffs

08/10/2009

Dhaka, Oct 4 (bdnews24.com)—Bangladesh will lobby the World Trade Organisation to bar Sri Lankan and Pakistani readymade garments from entering the US market with lower tariffs, Bangladesh Tariff Commission Chairman Md Mojibur Rahman said on Sunday.

CISA opposes EU AD tax on Chinese seamless steel tubes

05/10/2009

It is reported that China Iron & Steel Association claims to firmly protest and oppose the anti dumping tax that the European Union intends to exert on China's seamless steel tubes export.

Gulf steel markets to stay depressed

05/10/2009

A continued flood of cheap exports from Turkey and a looming glut of new output capacity in the Gulf is likely to keep Middle East steel markets depressed for years to come, say industry executives.