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 |
