BEST QUALITY PRODUCTS    One stop shop for all your needs

EU to cancel anti-dumping duties on Chinese lighters

Categories

EU to cancel anti-dumping duties on Chinese lighters

2012-11-28 10:21:42 GMT2012-11-28 18:21:42(Beijing Time)

The European Commission (EC) decided on Tuesday to formally cancel the anti-dumping duties imposed on Chinese lighters, a move that will take effect on Dec. 12.

BIC, a disposable pocket lighter manufacturer based in France, filed a petition to the EC for extending the anti-dumping measures on Chinese lighter makers by another five years. The petition has been denied.

The EC said that Chinese lighter makers do not pose a threat to their counterparts in the EU, citing the fact that BIC's profits enjoyed its biggest surge on record this year.

The EU started its anti-dumping probe on Chinese lighters in April 1990 and made final ruling in November 1991. The punitive anti-dumping duties against Chinese lighters have been in place for 21 years.

In 2003, major Chinese lighter producers won an anti-dumping suit launched by the European Federation of Lighter Manufacturers (EFLM), the first victory that Chinese firms have won against anti-dumping action filed by European firms since China joined the World Trade Organization in 2001.

This case started on May 14, 2002, when EFLM alleged that imports of Chinese-made lighters violated anti-dumping laws, a charge the Chinese side strongly denied.

The global annual sales of lighters are about 11 billion, worth of 3.1 billion euros (about 4 billion U.S. dollars).

Related posts

China opens doors for foreign investors but retains control: CSRC

christian louboutin outlet

I Anticipate A New Vagina Of Angelina Jolie Nude Pics From Original Sin Appearance Absolute Similar To Associated With.

cheap wow gold, So Much To Know About Health Insurance That Is Con

Directories

Information

Our Services

About Us