The U.S. is dissatisfied with my country's pencil companies in anti-dumping arbitration

by:Yourijiu     2021-09-03
According to the U.S. Department of Commerce's arbitration on the anti-dumping administrative review of boxed pencils originating in China on July 6, most pen manufacturers in the industry will face a general tax rate of as high as 114.9%. Among them, the seven key pencil companies involved in the case received a differential tax rate of 12.37% to 26.62%. Because of this, the seven companies all expressed dissatisfaction with the arbitration and expressed that they are actively defending through effective channels. MicrosoftInternetExplorer402DocumentNotSpecified7.8 pounds Normal0 According to the arbitration of the US Department of Commerce on July 6th on the anti-dumping administrative review of boxed pencils originating in China, most pen manufacturers in the industry will face a general tax rate of up to 114.9%. Among them, the seven key pencil companies involved in the case received a differential tax rate of 12.37% to 26.62%. Because of this, the seven companies all expressed dissatisfaction with the arbitration and expressed that they are actively defending through effective channels. The seven companies that have received differential tax rates are Shandong Rongxin Import and Export Co., Ltd., Shanghai Samsung Culture and Education Industrial Co., Ltd., Orient International Group Shanghai Foreign Trade Co., Ltd., China First Pencil Co., Ltd. and its subsidiary Shanghai Foster Pen Co., Ltd. Co., Ltd., Shanghai Great Wall Pen Co., Ltd., China First Pencil Founder Co., Ltd. The reporter called Shanghai Samsung Culture and Education Industrial Company for the latest situation. A person from the company told reporters that 95% of the company’s products are exported, and 95% of the exported products are exported to the United States. The final result of the US anti-dumping administrative review case is that The impact on the company is particularly great. It is reported that Samsung Culture and Education Company has hired a local lawyer in the United States to actively defend. Several other key companies are also starting to defend themselves. The above-mentioned person from Samsung Culture and Education stated that on the issue of boxed pencil exports, the United States has not recognized China’s market economy status, and has used a third country as a substitute country. Last year’s reference country was Indonesia, and a different reference country was used this year, so it is applicable. The tax rate is also different. He also said that the United States does not actually understand the production methods of Chinese companies, and when calculating costs, due to some translation problems, there are often miscalculations. This person said that at present, the company can only actively respond and cannot make some strategic adjustments, because the pencils exported to the United States can only be boxed, and the company has never received an order for bulk pens. He also expressed the hope that relevant government departments can provide some support. China First Pencil Co., Ltd. stated in its announcement on July 22 that the U.S. Department of Commerce officially announced the final result of the anti-dumping case (re-examination) of Chinese pencils exported to the United States. The payment is borne by the importer, but it may have an impact on the company's future pencil exports. The tax rate implemented by the company in 2003 was 0.15%. The company exported 6.28 million U.S. dollars and 7.43 million U.S. dollars of pencils to the United States in 2004 and 2005, respectively. The first pencil also claimed that the company's lawyers have noticed errors in the calculation of the dumping tax rate by the US Department of Commerce regarding the final ruling, and are currently defending. Once the defense is successful, the company's separate tax rate is expected to drop significantly on the basis of the final ruling of 26.62%. The reporter then called First Pencil, and the staff who answered the phone said that it is not convenient for the company to accept interviews on this matter. Pencil companies said that because the United States has different anti-dumping tariffs every year, their exports cannot form a stable expectation. my country is the world's largest producer and exporter of pencils. The annual output of pencils accounts for about 70% of the world's total output, and the export volume is equivalent to more than 1.5 times the total output of foreign countries. The huge amount of production and sales makes the room for enterprise market expansion quite limited. Therefore, maintaining the existing market is the only way for an enterprise to survive and develop. Related Links On November 17, 1993, the US Department of Commerce initiated an anti-dumping investigation on boxed pencils originating in China. On November 8, 1994, the U.S. Department of Commerce made a final ruling: imposing anti-dumping duties ranging from 43.72% to 243.4% on Chinese companies involved in the case. On December 1, 1999, the US Department of Commerce conducted the first sunset review investigation of this case. On July 5, 2000, the U.S. Department of Commerce made a final ruling and imposed anti-dumping duties ranging from 0% to 53.65% on Chinese companies. On July 1, 2005, the US Department of Commerce filed the second anti-dumping sunset review of boxed pencils originating in China. The U.S. International Trade Commission requires all interested parties in this case to make relevant comments on the impact of this case on the company within 95 days after the notice of reexamination is announced, and submit comment materials. On October 4, 2005, the U.S. International Trade Commission voted to initiate an anti-dumping rapid sunset review procedure on boxed pencils originating in China based on the comments of various stakeholders. On July 6 this year, the U.S. Department of Commerce announced the final results of the second sunset review. The vast majority of enterprises in the industry will face a general tax rate of as high as 114.9%.
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