Antidumping investigation of the Eurasian Economic Commission for Chinese Rolling Bearings

anti dumping investigation

Cheap bearings from China – the scourge of many bearing manufacturers worldwide. Despite the fact that they are often made ??by the simplified scheme and have no better reliability, but have extremely low cost that covers all their faults and opens the doors of many warehouses Celera and consumers putting a lower price at the forefront. Manufacturing companies whose products against low prices of Chinese bearings is uncompetitive; have to apply to the authorities of the states where there are bearing factories, to limit the supply of cheap bearings, connecting all this with a reduction of taxes and unemployment due to the economic difficulties arising in-house.

anti dumping investigation

Cheap Chinese bearings are under the prohibitive tariffs in many countries

This week it was announced that the Department of protection of the domestic market of the Eurasian Economic Commission for Europe (ECE) in the framework of the Customs Union of Belarus, Kazakhstan and Russia reopened antidumping investigation in connection with the expiry of anti-dumping measures against Chinese bearings. The decision was made based on the application of “Volzhsky Bearing Plant” (Russia), JSC “Vologda Bearing Factory” (Russia), JSC “Tenth Bearing Plant” (Russia), OJSC “Saratov EPC” (Russia), with the support of “Minsk bearing Plant “(Belarus), JSC” Stepnogorsk bearing plant “(Kazakhstan), OJSC” Moscow Bearing “(Russia).

Presented in the statement of evidence suggests that, despite the existing protective duties on the territory of the Customs Union (CU) remains dumped imports. Thus, over the period 2007 to 2011 saw an increase in the volume of imports from China in the bearings TC by 11.7%, leading to an increase in the share of Chinese products on the markets of the participating vehicles by 2%. During the period, the price of bearings from China were significantly lower than the prices for similar goods manufacturers TC, the difference in the prices increased by 1.7 times, and this trend continued in the first quarter of 2012. For the period 1 January 2011 to 31 March 2012 according to the margin of dumping in the supply of applicants bearings produced in China was 29.9%. Also because of dumping, according to the applicants, there is damage to the bearing industry. In the period from 2007 to 2011, with increased market size of 3.4% of the volume of production and sales of rolling bearings enterprise-applicants decreased by 25.6% and 25.7%, respectively, while the fall in market share was 8%, while the volume profit – 7 times.

As far as businesses – Applicant Information: Chinese bearing manufacturers, members of the Association of China bearing industry produces more than 70% of the bearings in China, hopes to increase production to 1.9 times in 2015 compared to 2010, which could lead to further increase in imports from China bearing the territory of the Customs Union.

“It is obvious that the present action is not fully to neutralize the damage caused by the dumped imports from China. Lifting of the anti-dumping measure any significant difference in prices and significant production capacity in China could lead to a sharp increase in supply at dumping prices, which will exacerbate price competition and further deterioration industries CU – said the director of the Department to protect the domestic market ECE Lenin. – in this regard, we have decided to open an investigation in connection with the expiry of anti-dumping measures and the definition of the grounds for its extension. “

In accordance with the decision of the Commission of the Customs Union on June 22, 2011 ? 705 on the bearings (except needles) of the People’s Republic of China (including Taiwan, Hong Kong and Macao), set anti-dumping duty of 41.5% of the customs value except Ltd. “rolling Wuxi “, for which the anti-dumping duty is set at 31.3% of the customs value. This measure is valid until January 20, 2013.

Previously operated protective duties in the Russian Federation. However, after the establishment of the Customs Union of Russia’s participation spread to other member countries.

More information about the initiation of the investigation is presented in the official materials:

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source: prompk