U.S. coated paper countervailing fear Chenming respond actively - Chenming, coated paper - Paper Industry

2, the U.S

2, the U.S. Commerce Department announced the preliminary findings, to be imported from China Coated Paper , Phosphate and other products impose countervailing duties. This is the end of last month the U.S. announced that countervailing duties imposed on China after the seamless steel pipe, another controversial issue of trade protectionism. U.S. Department of Commerce, said China's exports to the U.S. will Coated Paper Charge about 4% to 13% countervailing duty on the grounds that China's unfair subsidies given to these commodities. U.S. Department of Commerce is also the same reason, decided to impose on the coated paper produced in Indonesia, about 17% of the countervailing duty. 3, the reporter linked to the Chenming Paper (000,488, stock it) insider. The source said: "Chenming Paper 2009, U.S. exports about 1,000 tons of coated paper, and Chenming Paper only coated paper exports in 2009 to more than ten million tons of coated paper even if the U.S. imposed anti-China subsidies and anti-dumping duties, not much impact on the company. " Exporters of coated paper in Southeast Asia It is understood that China's coated paper exports to the United States than the U.S. market to 5% of total demand, accounting for 12% of total U.S. imports. This ratio below 16% in Korea, but South Korea has not made the U.S. the "dual" survey. Production of coated paper of the same Gold APP Related to have said: "It makes us feel significant trade protection and trade discrimination." 3, Chenming Paper have also told reporters: "The U.S. trade protectionism against China, may be more politically motivated , because China is the fastest from the Financial Climb out of the crisis in the country, which makes the U.S. feel the pressure. " Who, according to Chenming Paper, said: "Chenming Paper Coated Paper production accounts for about one-seventh of all paper products, paper products generally around 20% gross margin, the gross margin higher than coated paper number. But the main exporter of coated paper in Southeast Asia, and Japan, and our paper products exports accounted for only 10% of our total output. we exported in 2009 about 30 million tons Paper products , Which has more than ten million tons of coated paper. " "Our coated paper exports to the United States more than this would not increase the tariff is not our business to pay tax, but in the United States to buy our paper companies to pay tax, we used coated paper compared to other countries price on or have some advantages, the advantages we may reduce or even dominant, leading the United States may not buy our products, but we now pay more attention to the development of markets in Brazil, the United States is not our key customers the . " Chenming Paper who also said that although the tariffs little effect on the business, but in the United States to implement "dual" investigation, we consider for the protection of national industry, prepared some cost information, but also actively responding to the. Chenming Paper For coated paper production capacity expansion of 800,000 tons Chenming Paper executives told reporters: "We not only do not reduce capacity, we also announced the expansion of coated paper capacity of 800,000 tons, this part of the production capacity around mid-2011 can be achieved." U.S. coated paper imports from China last year totaled about 228 million U.S. dollars, the United States Papermaking Business and trade unions have complained that China and Indonesia last year produced coated paper, requirements of coated paper exports to the U.S. the two countries impose more than 100% of the "dual" tariff. Far as I know, the U.S. Department of Commerce in China, Indonesia, coated paper exports to the U.S. anti-dumping tariffs imposed decision will be made. The United States, said the measure will protect U.S. businesses from unfair trade practices in China influence. The Chinese side has criticized the U.S. abuse of trade protection laws. As planned, the U.S. Commerce Department in July of this year to make on the final coated paper exports to the U.S. decision to impose sanctions. Chenming Paper said that even if not U.S. exports, this part of the production capacity of domestic and other areas to complete digestion.

U.S. coated paper countervailing fear Chenming respond actively - Chenming, coated paper - Paper Industry

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