China has decided to raise anti-dumping duties imposed on distillers dried grains (DDG) from the United States in a final ruling after a year-long trade probe. DDG importers will have to pay a 42.2 to 53.7 percent anti-dumping tax and an 11.2 to 12 percent anti-subsidy tax over the next five years from Thursday [12 January 2017], a Ministry of Commerce statement said Wednesday…Full Article: ECNS.cn Jan 2017
- As a result, the anti-dumping tax was increased from the 33.8% (imposed in September 2016) to 44.2%/53.7%, while the anti-subsidy tax was increased from 10%/10.7% to 11.2%/12%.
- In January 2016, China’s Ministry of Commerce began investigating American DDGS imports after receiving domestic complaints.
- On 23 September 2016, China’s Ministry of Commerce imposed an anti-dumping duty on American DDGS. Chinese importers of American DDGS must pay a cash deposit of 33.8% of the total import value.
- In September 2016, the USA appealed to the WTO to investigate the legality of China’s market price support (i.e. subsidies) for domestic producers of rice, wheat, and corn.
- In 2013, the US exported more than 9 million MTs of DDGS (dried distiller grains), with China accounting for 34.2% of purchases.
Hong Kong Trends