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China slaps 179% anti-dumping duty on sorghum from US

IANS  |  Beijing 

China's announced on Tuesday that it will impose provisional anti-measures on grain imported from the US.

A preliminary ruling by the ministry found that US companies had dumped grain on the and such imports had caused substantial damage to the domestic industry, reported.

Starting from Wednesday, importers of the product will be required to pay deposits with Chinese customs based on a rate of 178.6 per cent, according to the ministry.

Data from the ministry showed US' exports to surged from 317,000 tonnes in 2013 to 4.76 million tonnes in 2017, while export prices slumped 31 per cent during the period, leading to a fall in domestic prices that hurt local industries.

Wang Hejun, of the ministry's trade remedy and investigation bureau, said the decision was in accordance with Chinese laws and WTO rules and was aimed at correcting unfair practices to maintain a healthy trade order.

"has always opposed abuses of trade remedy measures... is willing to expand cooperation with the US side to reduce disagreements in the trade field," Wang said.

The decided to launch anti-and anti-subsidy probes into US' in early February. The ruling for anti-subsidy probe will be released later as the two probes involve different procedures and entities, according to Wang.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 14:54 IST
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