Cash deposits imposed on chemical imports (Xinhua) Updated: 2004-03-25 16:52
China has started to collect import cash deposits on a chemical material made
in Japan, the United States, Iran, Malaysia, Mexico and Taiwan Province as
temporary anti-dumping measures, the Ministry of Commerce said Thursday.
The products, monoethanolamine and diethanolamine, are used in the
pharmaceutical, fabric and chemical industries.
The ministry's primary verdict issued on Thursday affirmed that dumping of
such goods did exist and caused substantial damage to domestic industries.
The ministry initiated the case last May, targeting such imports from Japan,
the United States, Iran, Malaysia, Mexico, Germany and Taiwan province.
But the verdict did not impose cash deposits on imports from Germany, saying
that was less than three percent of the total imports and could be
ignored.
