Anti-Dumping Investigation Targets ROK Products

China will start an anti-dumping investigation of polyester chips and polyester staple fibre imported from the Republic of Korea (ROK), according to the Ministry of Foreign Trade and Economic Co-operation (MOFTEC).

The investigation will start today, in accordance with MOFTEC's ninth and tenth announcements of 2001, which will be released today.

The investigation will involve polyester chips and polyester staple fibre imported from the ROK, which are listed under "3907. 6011, 3907.6019: Polyester Chips" and "5503.2000, 5506.2000: Polyester Staple Fibre" in the tariffs of China's General Administration of Customs (GAC).

Starting today, MOFTEC, along with GAC, will launch an investigation into the dumping of the two products from the ROK in accordance with China's regulations on anti-dumping and anti-subsidies.

The State Economic and Trade Commission, together with other relevant departments under the State Council, will investigate the damage done to China's industries by the dumping.

The investigation is expected to end before August 3, 2002, but may be extended to last 18 months under special circumstances.

(Xinhua News Agency 08/03/2001)