China’s Ministry of Commerce (MOC) on Tuesday [14 November 2017] expressed strong discontent over a U.S. trade remedy ruling against hardwood plywood products imported from China. Describing the action and ruling as “unreasonable,” the MOC urged the United States to implement the consensus reached between leaders of the two countries and properly manage differences through dialogue and negotiations…Full Article: ENCS.cn Nov 2017
- The US Department of Commerce determined that hardwood plywood imports from China had a dumping margin of roughly 183% and received subsidies ranging between 23% percent and 195%.
- In 2016, the US imported approximately USD 1.12 billion worth of hardwood plywood products from China.
- In September 2013, China lifted its ban on hardwood logs from Virginia and South Carolina, USA. Softwoods (e.g. Pine and other) were still banned due the risks associated with pinewood nematode.
- In late April 2013, the US Department of Commerce announced the preliminary results of its investigations on Chinese hardwood plywood imports. The agency noted dumping margins between 0.62% to 64%. The agency was scheduled to release its final analysis later that year.
- In October 2012, the US Department of Commerce launched anti-dumping and countervailing duty investigations on Chinese hardwood plywood imports
- In 2012, the US imported approximately USD 748 million worth of hardwood and decorative plywood from China.
Hong Kong Trends