• Kyodo

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China’s Ministry of Foreign Trade and Economic Cooperation announced Saturday that it will impose anti-dumping tariffs on acrylate, a raw material used in the spinning industry, imported from Japan and the United States.

Acrylate imports from Japan will be subjected to tariffs of between 31 percent and 60 percent, while those from the U.S. will be taxed between 31 percent and 69 percent, the ministry said in a bulletin.

The rates of antidumping duties for Japanese firms were set at 31 percent for Nippon Shokubai Co., 35 percent for Mitsubishi Chemical Corp., 49 percent for Idemitsu Petrochemical Co. and Idemitsu Kosan Co., and 60 percent for Toagosei Co. and the remaining firms.

The Chinese government has been collecting antidumping duties of up to 60 percent since the trade ministry issued a preliminary finding on the alleged dumping of acrylate on Nov. 23 last year.

This led Tokyo to urge Beijing to reconsider the move, under the rules of the World Trade Organization. The finalized antidumping duties are expected to take effect retroactively from Nov. 23.

The Chinese decision marks the latest salvo from Beijing in a brewing trade conflict with Japan. In April, the Japanese government invoked emergency “safeguard” measures to curb imports of stone leeks, rushes and shiitake mushrooms, mostly from China, triggering threats of retaliation from the Chinese government.

The Japanese Embassy in Beijing said it was notified Friday of the ministry’s final judgment on China’s antidumping investigation into acrylate imports.

According to the report, domestic demand for acrylate increased an average of 27 percent per year over the past four years due to the robust growth of the Chinese spinning industry. Domestic production of acrylate, however, increased by only 16.34 percent while sales rose 15.76 percent, both as a result of cheap imports, the Chinese authorities said.

A similar probe into imports from Germany was called off because of the small volumes involved.

Acrylate is in short supply in the world market and the Chinese decision is not likely to hurt Japanese manufacturers.

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