EU opens new front in China trade battle with stone case

Is it a case of shooting oneself in the foot?

Reuters: “The European Union has opened a new front in its trade battle with China by launching an investigation into alleged dumping by Chinese producers of stone used for counter tops and tiles.

The European Commission said on Friday it was starting the study after a complaint lodged last month by A.St.A., the European association of manufacturers of agglomerated stones.

The association accuses Chinese manufacturers of dumping – selling products below fair value or even cost price.

The EU market is worth an annual 480 million euros ($624 million), according to a source familiar with the case, with Chinese importsrepresenting some 9 percent of that, making it a small to medium case for Commission investigators.

In the past two months, the Commission has imposed duties to counter dumping of Chinese solar panels and told Beijing it is prepared to launch an investigation into anti-competitive behavior by producers of mobile telecoms equipment.

via EU opens new front in China trade battle with stone case | Reuters.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Law of Unintended Consequences

continuously updated blog about China & India

ChiaHou's Book Reviews

continuously updated blog about China & India

What's wrong with the world; and its economy

continuously updated blog about China & India