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Dumping duties of 54%-77% to be applied on Chinese blankets: Abdel Nour Market dumping phenomenon was confirmed, China informed complaints were accepted, says Al-Seginy
Minister of Foreign Trade and Industry Mounir Fakhry Abdel Nour issued a final decision to impose dumping duties of between 54%-77% on imports of synthetic fibre Chinese blankets, according to a Tuesday statement. Complaints by local manufacturers had recently increased due to Chinese blankets being dumped on the local market, Abdel Nour said. He added that the Anti-Dumping Authority has received many complaints against these types of blankets, which are being exported to Egypt and sold at dumping prices, causing damage to the domestic industry. The Anti-Dumping Authority has examined the complaints received on this matter, supported by documents from the Industries Union, Ibrahim Al-Seginy, Head of the Anti-Dumping Authority, said. Meanwhile, the Chinese government has been informed that these complaints were accepted and that a market dumping phenomenon was confirmed, Al-Seginy added. Furthermore, the Anti-Dumping Authority has conducted field visits to each of the local industry and cooperating Chinese companies, Al-Seginy said, to inspect and review the accuracy of data submitted by all parties through financial records and documents. The results of the visits were presented to the Advisory Committee and the concerned parties, stressing that there is sufficient evidence that the availability of these imported blankets caused damage to the local industry. The decision was published in the official gazette, with the Egyptian Customs Authority and the World Trade Organisation (WTO) notified to begin the implementation of a resolution, Al-Seginy added. In April, the ministry banned the imports of products featuring Egyptian folklore and antiquities, such as engraved products, sculptures and ceramics.
