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Today’s Top Headlines




Gulf States Investigating Chinese Steel Pipe 'Dumping'

by Mary Swire, Tax-News.com, Hong Kong

04 May 2017

The Gulf Cooperation Council (GCC) has launched an anti-dumping investigation covering steel pipe exports from China.

China's Ministry of Commerce (MOFCOM) announced that the GCC has commenced the investigation regarding seamless steel pipe with an outer radius less than 16 inches, which are used for petroleum exploration and transportation. The investigation will look at whether Chinese exporters are selling the product into the GCC market at below Chinese market prices – a practice known as dumping – which could result in the imposition of anti-dumping duties.

Head of MOFCOM's Trade Remedy and Investigation Bureau, Wang Hejun, expressed concern regarding the move, suggesting that issues could be solved instead through dialogue and cooperation.

"We hope that the GCC could deal with this issue justly on the basis of the overall situation of bilateral ties, abide by the WTO rules, and prudently use the trade remedy measures," said Wang.

TAGS: tax | law | China | Gulf Cooperation Council | trade | Invest

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