Organizations in the News, Trade/Markets/Prices

No justification for China extending potato starch duties, says Starch Europe

© iStock/Goldfinch4everOn Friday (15 September), the Chinese Ministry of Commerce (MOFCOM) confirmed its final decision to extend anti-subsidy duties on exports of EU-manufactured potato starch for another five years. The policy notification published on the Ministry’s Chinese language website, confirmed duties ranging from 7.5% to 12.4%. These duties have been in place since 2010, a response to the EU potato starch support scheme which provided subsidies to manufacturers. However, this EU support scheme came to an end in July 2012 – according to trade association Starch Europe, which means the anti-subsidy duties are no longer warranted. The association, which represents the interests of 95% of European starch suppliers, said in a statement it was disappointed by the decision that fails to be supported by hard facts and figures and sound justification. More

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