The European Union has announced its definitive decision relating to anti-subsidy duties imposed on Chinese truck and bus tyres imported into the EU. The publication of the latest document follows on from the final decision on anti-dumping duties announced on October 18. The new document now takes into account anti-subsidy measures also.
Definitive Countervailing Duties Announced
In explaining the judgment, the Official Journal of the European Union states;
“The anti-subsidy investigation was carried out in parallel with an investigation concerning the anti-dumping measures, limited to the injury elimination level. In view of the use of the lesser duty rule, and the fact that the definitive amounts of countervailable subsidies expressed on ad valorem basis are in some cases lower than the injury elimination level, the Commission will impose the definitive countervailing duty at the level of the established definitive amounts of countervailable subsidies and then impose the definitive anti-dumping duty up to the relevant injury elimination level.”
In effect this means that the combined anti-dumping and anti-subsidy measures will be equal to the financial impact of the measures announced in the 18 October anti-dumping statement.