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China scraps anti-dumping duties on Japan steel www3.nhk.or.jp
China says it will scrap anti-dumping duties on stainless steel tubes imported from Japan and the European Union.
The high-performance, seamless steel tubes are used for power plants and other facilities in China.
China had imposed the duties, saying that their unfairly cheap prices hurt the Chinese industry.
Last October, a dispute panel of the World Trade Organization accepted Japan's case that the anti-dumping duties were unjust and against WTO rules.
The panel called on China to redress the situation, saying that the imports caused no harm to the Chinese industry since there were no manufacturers of such high-grade products in China.
China's Ministry of Commerce said on Monday that they accepted a request from Chinese firms to drop their demand for the extra duties.
Japan's Economy, Trade and Industry Ministry estimates that China had imposed anti-dumping duties worth about 530 million yen, or 5,300,000 dollars annually.
Japanese officials say the lifting of the duties will lead to increased competitiveness for Japanese products.
Published Date:2016-08-23
