On February 27, the U.S. department of commerce issued a final ruling on anti-dumping and countervailing duties against Chinese aluminum foil products, according to the ministry of commerce website.Wang he jun, director of the trade relief bureau of China's ministry of commerce, spoke on the issue.Wang Hejun, said China expresses strong dissatisfaction with the United States is not reasonable, and excessive use of trade relief measures, not only cannot achieve the "Renaissance" of the aluminum foil industry, instead will affect the employment, damage the benefits of the American consumer.
Mr. Wang pointed out that the United States still ignored the wto rules and seriously damaged the interests of China's aluminum foil exporters from the investigation process and results. China expressed strong dissatisfaction with that.The U.S. department of commerce in the case of anti-dumping investigation, based on its domestic law to continue as China as "non-market economies", for "country", cut out excessively high anti-dumping tax rate of 48.64% to 106.09%.In the countervailing investigation procedure, the U.S. department of commerce artificially will China raw material suppliers, financial institutions considered "public institution", in the absence of any evidence that wrongly cut out of the high subsidy rate from 17.16% to 80.97%.
Hejun Wang stressed that the United States aluminum enterprises as early as more than 20 years ago from low value-added aluminum foil production actively, to making profits high aluminum products, so the aluminum foil production decline and the market share to reduce America's corporate business options, is not caused by imported aluminum foil.The unreasonable and excessive use of trade remedy measures by the us will not only fail to achieve the "Renaissance" of the us aluminum foil industry, but will affect the employment in the us and damage the welfare of the American consumers.China will take necessary measures to safeguard its legitimate rights and interests in the us's erroneous practice.