18 Februari 2008
EU starts dumping probe of Chinese candles, steel

Reuters/Brussels European Union trade inspectors have launched investigations into whether imports from China of candles and some steel products are being dumped, raising the prospect of further trade tensions within the bloc.

European candle makers, from Germany, the Netherlands and other countries, complained to the European Commission in january mat they wea> being damaged by illegal pricing by Chinese rivals, accusing them of getting unfair export aid. "Having determined ... that there is sufficient evidence to justify the initiation of a proceeding, the Commission hereby initiate an investigation," a notice in the EU's Official Joumal said on Saturday.

The joumal also announced the launch of an antidumping investigation into imports from China of steel wire and wia1 strands used in the construction industry, after complaints by producers in countries including Spain and the Netherlands.

A growing number of European manufactuR'rs have sought to fend off what they consider to be unfair competition from China with EU antidumping duties.
European trade chief Peter Mandelson has accused China of doing too little to rein in its snowballing trade surplus.

The Commission recently launched two separate investigations into imports of Chinese steel after European steelmakers complained of dumping by the Asian export powerhouse.
It is not just Beijing which is worried by the prospect of new, punitive duties being applied to imports from China.

European retailers such as Sweden's Ikea fear an increase in the pria1 of candles, which they import in large volumes from China, and engineering and shipbuilding companies that consume steel oppose duties on their imports.

EU governments have split in recent years over whether to impose duties on imports such as shoes and energysaving lightbulbs from China (cmd other Asian countries, and Mandelson has put on hold his plans to reform the EU's antidumping rules.

The launch of an antidumping investigation by the Commission may lead to the imposition of provisional duties within nine months.

Source :  Investor Daily Indonesia, Page : P7 

 Dilihat : 18492 kali