China’s Ministry of Commerce (MOFCOM) on Wednesday announced that, starting on February 6, anti-dumping duties ranging from 12.6 percent to 56.7 percent on potato starch imported from the EU will be extended for another period of five years, according to a report by Global Times.
The decision came after a review of the anti-dumping measures, launched at the request of domestic potato starch producers, according to a statement released on the ministry’s official website. The continued imposition of these duties aims to prevent potential harm to the domestic industry and ensure a level playing field in the market, it said.
“The MOFCOM has ruled that if the anti-dumping measures were lifted, the dumping of potato starch from the EU could continue or reoccur, and the harm on China’s domestic potato starch industry could continue or reoccur,” the statement said.
The MOFCOM statement specified that beginning February 6, importers of potato starch originating from EU companies should pay the applicable anti-dumping duties to Chinese customs at the time of import.
Source: Global Times. Full article here
Image: The Ministry of Commerce of China. Credit Global Times
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