China’s Ministry of Commerce (MOC) has decided to extend anti-subsidy duties levied on potato starch imported from the EU for another five years, starting Saturday [16 September 2017]. Potato starch imports from the EU are subject to anti-subsidy duties ranging from 7.5 to 12.4 percent, according to an MOC ruling on Sept 17, 2011…Full Article: China Daily Sept 2017
- From 2012 to 2015, according to China’s Ministry of Commerce, Chinese consumption of potato starch increased from 330,000 MTs to 400,000 MTs.
- On 16 September 2017, China began reviewing their anti-dumping duties on EU potato starch imports. The process was expected to last a year.
- In February 2013, after a one year process, China extended its anti-dumping duty on European potato starch for an additional five years.
- In February 2012, China began reviewing its anti-dumping duty of European potato starch.
- In 2007, China initiated anti-dumping duties on European potato starch. As a result, EU imports of potato starch face a 12.6% to 56.7% Chinese duty rate.
- In September 2011, China initiated an anti-subsidy duty, ranging from 7.5% to 12.4%, on European potato starch.
- Founded in 1984 and headquartered in Beijing, China Starch Industry Association promotes the production and trade of Chinese starches and sugars. According to the association, in 2013, China produced approximately 23 million MTs of starch.
Hong Kong Trends