Anti-dumping: China, the U.S., Japan and EU

       Today, I just read the Asian Business Daily. Recently, the US-China anti-dumping stand-off over furfuryl alcohol still on and China accuses Japan and EU of steel dumping as well. No matter which of the two events,  China is involved. Even these two events are negative, personally, I do not think that will be the negative impact on China.

       With respect to the "China accuses Japan and EU of steel dumping ", according to the MOC said on its website, the result of this issue is those importing such products will be compelled to pay anti-dumping deposits to the country’s customs authorities starting Wednesday. It means that the powerful rules are existed in the international business; those rules just like the intangible safeguard to maintain the balance of the international trade. However, it is still concerned about the anti-dumping probe was launched by China  amid concerns that certain high-performance stainless steel seamless tubes from Japan and EU had flooded the domestic market.

    The same situation as " the US-China anti-dumping stand-off over furfuryl alcohol still on ",  the existing imports order on the Chinese product, mostly used in organic chemistry, would be maintained. The current duty ranges from 43.54% to 50.43%. Even China has been putting pressure on the U.S. to drop its anti-duming duties it imposes on industrial furfury alcohol, the US said that it will still maintain the anti-dumping duties despite that furore it has caused between the two countries. Furfury alcohol is quite important because it is a chemical agent used in the manufacture of resins and adhesives. It’s also used as an agent to encourage surfaces to attract liquids. As a result, in my opinion, this is one of the most important reason why the United States wants to maintain the anti-dumping duties.

    I won't judge which country is right or wrong, I still believe that each of them has its own reason for doing so. The product dumping will not be the persistent dumping and I believe the Department of Commerce and the International Trade Commission will keep it balance as well.