A few days ago, a news of "the US suspended the countervailing duty on China's passenger and light trucks" triggered a strong concern in the domestic tire industry. The US “double-reverse†investigation has not yet ended. What does it mean to suspend the countervailing duty? What does this mean for Chinese tire exports?
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At the 2015 China Rubber Annual Conference held recently, Xu Wenying, Secretary General of China Rubber Industry Association, clarified to reporters: "After the news was released, many people had misunderstandings. In fact, this is only a policy window period, and it is not a future anti-subsidy. Tax is over."
At the seminar on dealing with international trade frictions held on the same day, Yang Chen, a senior partner of Beijing Jincheng Tongda Law Firm, a member of the Chinese company’s “double-reverse†case, was answered in more detail. Question.
According to the introduction, due to the implementation of the retrospective taxation system in the United States, during the “double-reverse†investigation, the US will impose a temporary deposit, and according to the WTO Agreement on Subsidies, the temporary measures for countervailing shall not exceed four months.
Therefore, from April 1 to July 26, 2015 (the estimated time of the final decision by the US International Trade Commission ITC), the United States only imposes an anti-dumping deposit on the tire products imported from China.
According to Yang Chen’s “Preliminary Survey and Review of Passenger Car and Light Truck Tireâ€, starting from January 20, 2015, the initial release date of anti-dumping, to the final release date of ITC, July 26, 2015 The "double-reverse" deposit is subject to the principle of "returning more and less".
Yang Chen told reporters that this means that April 1st to July 26th is a window period. As long as the anti-dumping preliminary tax rate can be accepted, the Chinese tire companies involved can export a large number of tires without worrying about the anti-subsidy deposit.
· Tire countervailing duty suspension tire export ushered in window period