China’s Ministry of Commerce File Photo: VCG
China’s Ministry of Commerce (MOFCOM) announced on Wednesday that the dumping obligation in the range of 12.6% to 56.7% of EU imported potato starch will be extended for five years from February 6th.
The decision came after a review of anti-dumping measures launched at the request of domestic potato starch producers, according to a statement released on the ministry’s official website. The ongoing imposition of these obligations is intended to prevent potential harm to domestic industries and ensure a level playing field in the market.
“MOFCOM determines that if anti-dumping measures are lifted, the dumping of potato starch from the EU could continue or recur, and that harm to China’s domestic potato starch industry could continue or recur. “We did,” the statement said.
Based on the findings, MOFCOM has submitted a recommendation to the State Council’s Customs Commission to continue its subsequently approved anti-dumping obligations, according to the statement.
A statement from MOFCOM specified that from February 6th, importers of potato starch generated by EU companies should pay a pre-existing obligation to Chinese customs upon import.
Under the new measures, certain anti-damping obligation rates for EU companies are as follows: Coöperatie Koninklijke Avebe Ua and Avebe Kartoffelstärkefabrik Priignitz/Wendland Gmbh face 12.6 times more obligations, with other EU companies including Roquette Frères being eligible. to a 56.7% obligation.
Potato starch is used in the food industry in China as an important ingredient for the production of food additives such as emulsifiers and is widely used in the production of products such as sausages and packaged foods.
The ministry’s move on Wednesday is the latest development of long-standing anti-dumping measures on EU products dating back to 2007. On February 5, 2007, MOFCOM announced the imposition of a dumping obligation on starch of potatoes imported from the block. 。
Since then, the mandatory rate has been adjusted and extended multiple times. On April 18, 2011, they were adjusted to the range of 12.6% to 56.7%. According to MOFCOM, the measure was further expanded in 2013 and 2019, each extending over five years.
Global Times
