Taiwan slaps anti-dumping duties on Chinese beer and steel to shield local industry

The Ministry of Finance, as reported by Taipei Times, said that he would apply beer and hot-rolled steel to the steel produced in China for four months from next Thursday by giving “significant damage” to Taiwan’s industry.

According to a statement made by the Ministry of Finance, both the CT and the Ministry of Economic Affairs concluded that these products have been thrown and that it caused significant damage to the local sector. ” The Ministry of Finance said that as Taipei Times stated, tasks will be applied for “protection from ongoing damage during the investigation” for four months.

In the report, the tariffs on the Chinese beer will range from 13.13 to 64.14 percent, 16.9 percent or 20.15 percent for steel. In March, the Ministry of Finance launched anti-dumping investigations against Chinese beer and selected steel products after unfair competition allegations.
According to official statistics, Taiwan currently has anti-dumping tasks on ten products, eight eight people come from China. The Ministry of Finance also evaluates whether the low prices of low prices attributed to the “long -standing excessive capacity” in production also affect domestic enterprises.

Taiwan, DPP legislator HSU Fu-Kuei’ye, in the first quarter of this year, more than 70 percent of the local beer market seized more than 70 percent of the Chinese beer producers emerged as the largest export market. According to HSU, in the last five years, Chinese beer exporters sent over 16 billion NT (USD $ 548,32 million) products to Taiwan.

Chinese suppliers damaged local beer producers and the result may be severe if the government does not take anti-dumping measures. The DPP legislator Chia-Pin reported that local beer firms had a 20 percent decrease in the market share of the market and that there was a 15 percent decrease in production, which led to a 30 percent decrease in use. Authorized, because of the Chinese beer suppliers, local beer companies showed significant negative effects on their operations. Approximately 70 percent of the Taiwanese population, as the government, DPP law manufacturers indicate that Chinese beer manufacturers openly support the decision to impose the tax on anti-dumping taxes.