Mainland China to hit Taiwan’s polycarbonate imports with anti-dumping measures, claims ‘concrete damage’
- China will levy 16.9 to 22.4 per cent deposits on polycarbonate products imported from Taiwan from Tuesday, according to the Ministry of Commerce
- Monday’s announcement, after it launched an anti-dumping probe in November, came a day after Taiwanese vice-president William Lai Ching-te stopped in New York
Mainland China will impose temporary anti-dumping measures on imports of a thermoplastic polymer used in electronics, cars, packaging, medical devices and safety protection from Taiwanese producers from Tuesday.
The Ministry of Commerce announced it would levy deposits of 16.9 to 22.4 per cent on polycarbonate products on Monday, a day after current Taiwanese vice-president and leading presidential contender, William Lai Ching-te, stopped in New York en route to Paraguay.
Formosa Chemicals & Fibre, Idemitsu Chemicals Taiwan, Chimei Corporation and Chilin Technology will see deposits of around 17 per cent levied on the value of their products, while rates of 22.4 per cent will be imposed on other Taiwanese businesses.
Taiwan’s Ministry of Economic Affairs said on Monday that it was preparing a response.
Polycarbonates are a versatile material known for their strength, processability and resistance to heat and cold.
China launched an anti-dumping probe in November after three mainland Chinese manufacturers filed an investigation request on behalf of the industry a month earlier.