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China MOFCOM Reinstates Anti-dumping Measures on Resorcinol Imported from Japan and the US

  •   14 May 2019
  •    Deborah Xiong
  •    672
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    Takehome:

    1. Starting on March 23, 2019 China MOFCOM reinstated anti-dumping measures on resorcinol imported from Japan and the United States which will run for five years.
    2. The anti-dumping tax rate is 40.5% for Japanese companies and 30.1% for American companies.                           

    On March 22, 2019, the Ministry of Commerce of the People’s Republic of China (MOFCOM) issued Announcement No.10 of 2019 [1], deciding to reinstate anti-dumping measures on resorcinol originating from Japan and the United States for five years starting from March 23, 2019. The anti-dumping tax rate is 40.5% for all the Japanese companies and 30.1% for all American companies.

    Chronology of events:

    On March 22, 2013, MOFCOM issued Announcement No.13 of 2013 [2], deciding to levy anti-dumping duties on imports of resorcinol from Japan and the United States for five years. These anti-dumping duties were terminated on March 23, 2018. In response to demands made by China’s domestic resorcinol industry, MOFCOM issued Announcement No.20 of 2018 [3] on March 22, 2018, opening an investigation into resorcinol anti-dumping measures and the impact of resorcinol imports on China’s domestic industry. MOFCOM ruled that in the absence of the anti-dumping sanctions, imports of resorcinol from Japan and the United States prohibitively damaged China’s domestic sector. These finding ultimately precipitated China’s recent policy U-turn and resulted in the reinstatement of anti-dumping measures.  

    . The following diagram can show us more details:

     

    Scope of Investigation

    Name of Product

    CAS Number

    Anti-dumping Tax rate

    Equation

    Resorcinol originating in Japan and United States

    M-dihydroxybenzene or Resorcinol

    108-46-3

    40.5% for Japanese Companies.

    30.1% for American Companies

     

    Anti-dumping tax =customs value*Anti-dumping tax rate

     

    Value-added tax on imports=customs value+customs duties+anti-dumping tax

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