Yao Ming'S Weaving Belt Wins The US "Double Counter" Investigation

After nearly a year of lawsuits, Xiamen

Last year, BerwickOffray, a 65 year old company in Pennsylvania, suddenly blamed the mainland and Taiwan competitors for exporting goods to the US at a low price, and said that Chinese enterprises and government subsidies required the US government to provide protection for them.

In August 29th last year, the Yao Ming textile belt ranked first in the export volume of the textile belt and ranked the second in Changtai, Fujian. It was listed as the representative enterprise of the United States "anti-dumping and countervailing investigations". This is the first time that Fujian enterprises were involved in the "double counter investigation" of the United States, which is also the first among Chinese textile enterprises.

But in subsequent routine procedures, Xiamen Yao Ming ribbon chose to respond, and Changtai Ru Shu chose to give up.

Due to the very different attitude towards the "double anti investigation" in the United States, the final ruling results are very different. Yao Ming's weaving belt has won the "zero tax" anti-dumping duty of the US side, and other mainland enterprises, including Rong Shu, need to pay 123.83% or 247.65% of the high anti-dumping duty.

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In the final stage of countervailing duty, the tax rate of Xiamen Yao Ming ribbon was cut to 1.56%, and Changtai Rong Shu was charged 117.95% countervailing duty to offset government subsidies.

High respondent costs

However,

The whole litigation process of anti-dumping and countervailing is long and complicated. During that time, American officials will come to the responding company to investigate dumping margin, check financial accounts, calculate the cost, involve many factors such as the internal information of the open enterprise, and some enterprises lack the strong financial strength, and have no courage to answer the lawsuit, so they have to give up voluntarily.

In this case, whether to reply or not becomes the dilemma of Yao Ming's weaving.

If you choose to answer suit and put aside the high cost of litigation, the key problem is that the probability of winning a lawsuit is not known. If we give up the opportunity to sue, then there is only one result: high anti-dumping duties and the loss of the US market.

Finally, Yao Ming resolutely decided: as long as there is still a ray of hope, we must cross the sea to meet the challenge. For this reason, Yao Ming has made many preparations for weaving, including employing experienced senior lawyers, assessing the winning rate, preparing a written complaint, collecting complaints materials, etc.

According to Yao Ming, in addition to putting in a lot of manpower and material resources, the cost of the whole process of litigation is about 2 million yuan.

"It seems that if we dare to have a lawsuit with the United States, there is still a chance of success."

Yesterday, Yao Ming was very excited about the news in an interview.

He told reporters that in the first half of this year, the export volume of Yao Ming's tapes exported to the United States has reached 7 million US dollars. Due to the perfect victory of the "double counter investigation", it is expected that the export volume will increase by more than 1 times in the second half of this year.