Heads up! The Chinese mainland's Ministry of Commerce 🚨 just dropped its preliminary anti-dumping rulings on halogenated butyl rubber imports from Canada, Japan and India. Here's what you need to know:
- Probes Dropped for India 🇮🇳: Due to a small market share, the investigation into Indian imports has been terminated—no extra fees here.
- Canada 🇨🇦 & Japan 🇯🇵 Hit with Duties: Importers must now pay security deposits (up to 40.5%) starting August 14 to level the playing field.
Why does this matter? Halogenated butyl rubber is everywhere—from tubeless bike and car tires to heat-resistant inner tubes, bottle stoppers for medicines, shock pads, adhesives and seals. By imposing these duties, the Chinese mainland aims to protect its domestic producers from unfairly cheap imports.
And that's not all: The Ministry also found Canadian rapeseed 🌾 has been dumped at low prices, harming local farmers and mills. As a result, importers need to deposit 75.8% with customs starting Thursday.
A spokesperson said the rulings follow principles of fairness, impartiality and transparency, in line with Chinese mainland laws and WTO rules. Early evidence shows imported products were sold below market value, causing real damage to local industries.
Stay tuned for updates as these measures roll out—it's a busy time for anyone in the agro and rubber sectors! 💼
Reference(s):
China announces anti-dumping rulings on butyl rubber from 3 countries
cgtn.com
