EU'S Final Anti-Dumping Case Against My Polyester High Strength Yarn

"This is absolutely good news for enterprises."

Shen Tugen, general manager of Hai Fu Chemical fiber, said the EU market is the largest export market of the company.

The company actively respondent to anti-dumping and successfully reduce the tax rate, which is equivalent to improving the competitiveness of the products in the international market.

In September 2009, the European Union launched anti-dumping investigations against China's polyester high strength yarn products.

Shaoxing is mainly involved in the case. The amount involved is 52 million 880 thousand US dollars, accounting for 42.6% of the total 124 million US dollars.

With the coordination and guidance of the competent government departments and relevant industry organizations, the case has made remarkable achievements in the industrial defense work involving enterprises. It has changed the European demands of replacing the United States with the United States. It has chosen the relevant data in Taiwan area as the basis for calculating the normal value of the products involved, and has also been actively coordinated by the main importers of the European Union, thus creating a better environment for litigation.

Through this response to anti-dumping, Shaoxing has not only saved the important market of the European Union, but also gained much experience from it.

In the 1~11 month of 2010, Hai Fu Chemical fiber exported nearly 10 thousand tons of products to the EU, and the capacity of the company's 9 production lines was 45 thousand tons.