China to impose anti-dumping duties on European chemical

LS telcom AG

27/06/2013 05:43

BEIJING, June 27 (Reuters) - China will impose from Friday anti-dumping duties of up to 37 percent on a chemical imported from the European Union, the Commerce Ministry said, the latest move in a string of disputes that could fuel rising tension between the trade partners. Trade ties between China and the European Union have been strained by the imposition of a series of anti-dumping tariffs, particularly after the EU launched punitive duties on Chinese exports of solar panels.  ID:nL3N0EW2IK   ID:nL5N0EP2EX  Thursday's decision sets duties ranging from 19.6 percent to 36.9 percent on European exports of toluidine, a chemical used to produce dye, medicine and pesticides, among other uses. The duty will take effect from June 28 and run for five years, the commerce ministry said on its website, www.mofcom.gov.cn.  A tax of 19.6 percent will be imposed on exports of the chemical by Lanxess Deutschland GmbH  LSXG.DE , while the other affected firms will have to pay 36.9 percent, it added. The announcement concluded an investigation into the product started in June 2012. China may look into a complaint about luxury cars imported from the EU, fanning worries that trade friction that started over solar panels may spread to some of the goods most popular with wealthy Chinese. ID:nL5N0EJ0OC  <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ EU files WTO complaint on Chinese steel duty  ID:nL5N0EP2EX  Any China solar pact could defuse wine spat   ID:nL3N0EW2IK  ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Reporting by Aileen Wang and Michael Martina; Editing by Clarence Fernandez) ((lan.wang1@thomsonreuters.com)(86 10 6627 1032)(Reuters Messaging: lan.wang1.thomsonreuters.com@reuters.net)) Keywords: CHINA EU/ANTI DUMPING