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Yao Ming Ribbon: The Only Company To Receive Anti-Dumping Duties At Zero Tariff Rate

2010/7/16 9:42:00 76

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"1 o'clock today, we received a telephone call from an American lawyer.

Yao Ming

The weaving band becomes the only enterprise that gets the zero tariff rate of anti-dumping, while the countervailing duty rate is 1.56%.

Yesterday,

Xiamen

Yao Ming, chairman and general manager of ribbon weaving, Yao Ming told the Morning Post reporter the good news for the first time.

After a year of anti dumping and countervailing action, Yao Ming said, "the result is perfect, but there is a flaw."

He decided to appeal to the US court and strive to zero the countervailing duty rate.

It is reported that for developing countries, the tax rate is within 2% of the "zero tariff".

In July 23rd last year, the United States launched anti-dumping and countervailing investigations on the narrow ribbon woven from the mainland of China and Taiwan.

Yao Ming, the largest domestic sales company, entered the investigation process as a mandatory respondent enterprise on the "double reverse" investigation.

This case became the first American textile product taken in China in the post quota era.

Trade

Relief measures, Yao Ming ribbon weaving after the establishment of the "double anti" leading group, with the assistance of the Ministry of Commerce and the Xiamen municipal TDC, has embarked on a difficult road to deal with "double opposition".

Other enterprises in the country have given up because of the high cost of litigation.

In February 6th of this year, Yao Ming ribbon received the preliminary results of the US Department of Commerce. In the list of enterprises responding to 15 mainland China and Taiwan, Xiamen's Yao Ming ribbon was awarded a successful first respondent with "zero tariff" results, and another enterprise giving up the respondent received 231.4% punitive tariffs, while the remaining 13 enterprises were awarded an average weighted rate of 115.70%.

It is reported that if the tax rate is higher than 30%, there will be no profit margin for export enterprises, which means that Yao Ming ribbon will become the only ribbon enterprise in the country that has the ability to do the US market.

"We invested a lot of manpower and material resources, the whole case cost about 3000000 yuan, 14 supplementary questionnaires came one after another, one problem needed to provide hundreds of pages of material, three printers sometimes print tens of thousands of materials every day, and the materials to be sued could be installed in a 10 square meter house.

The strategy of the United States is to let you get away from it. Fortunately, we insisted on it and finally won the lawsuit. "Yao Ming talked about this experience.

Yao Ming summed up several secrets of winning the case: first, it is essential to actively respond to complaints, find professional lawyers, and establish cooperation with foreign law firms.

Because the case is a link, if there is no good lawyer to cooperate with the middle, it will be too late to replace the lawyer. Secondly, we should regard the lawsuit as the top priority of the company, and decide to go all out after responding. Finally, the severe blow to the enterprise in the anti-dumping investigation is often the non-standard financial information and the imperfect information.

Therefore, enterprises must do a good job in managing basic financial affairs. They can win more chances for enterprises to face anti-dumping investigations.