ERJ staff report (BC)
Beijing – China's Ministry of Commerce is increasing existing anti-dumping duties on imported chloroprene rubber supplied by a Japanese company, reports the Wall Street Journal, following complaints about pricing from local rubber makers.
In a statement published on its website, the ministry said it will adjust the anti-dumping duties on imports produced by Japan's Denki Kagaku Kogyo Kabushiki Kaisha from 9.9 percent to 20.8 percent, effective immediately.
In 2005, China imposed anti-dumping duties ranging from 2 percent to 151 percent on imported chloroprene rubber from Japan, the US and the European Union for a five-year period. The Commerce Ministry extended the duties for another five years in 2011.
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Full story from Wall Street Journal