Recently, the U.S. Department of Commerce on imports from China hardwood and decorative plywood made a preliminary ruling of the countervailing duty, in addition to the three mandatory respondent companies countervailing duty 0,15 not responded to the survey rate of 27.16% the tax, the remaining hundreds of plywood production enterprise will be to impose a countervailing duty of 22.63%.
In late September last year, the U.S. hardwood plywood fair trade Union (CFTHP), composed of six companies in North Carolina, New York and Oregon filed a complaint to the U.S. Department of Commerce that exports from China to the U.S. hardwood and decorated with plywood dumping margin of 298.36 to 321.68 percent subsidy rates are more than 2% of the allowable range. outdoor composite floor
U.S. Department of Commerce was officially launched on October 18 last year, the "double reverse" investigation, the anti-dumping investigation period from January 2012 to June 2012, anti-subsidy investigation period for the whole of 2011. Late April of this year, the U.S. Department of Commerce published the preliminary ruling to impose anti-dumping duties, the "double reverse" the final results were announced in July this year.
As one of the three mandatory respondent companies, the Linyi City East Fangjin Xin Trade Co., Ltd., a person to the "First Financial Daily" said that the United States occupies 90% of their company's export markets, although preliminary countervailing duty 0, but they think that this made the U.S. Department of Commerce preliminary ruling was unreasonable. "Logically, other enterprises in accordance with the mandatory respondent companies was convicted of the weighted average tax rate of the tax rate to count, that is 0, but the U.S. Department of Commerce, confused those not responding enterprises preliminary results also included account, resulting in the remaining several hundred companies tax rate up to 22.63%. "the source said, which will export plywood enterprises brought no small impact.
"U.S. Department of Commerce ruled that there is no legal basis, and whether U.S. domestic law or the law of the WTO level." Beijing Jiarun Road and law firm partner Zhang told reporters that the United States there are two cases in the countervailing ruled: usually specified, ruled that the tax rate in the mandatory respondent companies are not 0, other corporate tax rate is a mandatory respondent companies to determine the weighted average of the tax rates; special circumstances, it is mandatory respondent companies there are 0 the tax rate or the maximum rate when other corporate tax rates need to investigate the agency to be a reasonable method to calculate, and that is to be decided by case law.
"International Trade Law of the United States have had a similar ruling, there are special circumstances, the determination of the average tax rate can not be put to the highest tax rate and 0 tax rate is calculated together. Original Vietnam had a case, CIT (United States Court of International Trade) sued, and later won. "Zhang said.
As a domestic plate industry's leading enterprises, Bunny (002043.SZ) securities affairs representative Lu Feifei said in an interview with reporters, ruling temporarily unclear the countervailing impact on the company. In October last year, announced Bunny said the company will actively respond to the affairs of the antidumping law, has to start anti-dumping response. In the first half of last year, the Bunny and a wholly-owned subsidiary of exports to the U.S. hardwood plywood sales revenue of about 47.69 million yuan, accounting for 9.65% of the operating income.
In recent years, in addition to the "dual" troubled from the United States, South Korea and other domestic plywood production enterprise also faces the problem of illegal timber. For environmental voices rising U.S. Lacey Act Amendments of 2008 provides felled timber must pass the international forest certification systems and institutions, if you can not pass the certification, wood and furniture exports to the United States is identified as using the illegal timber.
Previously the American Hardwood Plywood Veneer Association (HPVA) Kip Howlett, president, said in an interview with the media, the the cheap wood goods imported from China have occupied the market share of domestic manufacturers in the United States and Canada, the U.S. manufacturer of idle capacity rate stabilized at 60 %. One concerned about the building materials industry, analysts said, as plywood exporter in China, the United States for the pricing of natural resources like timber higher than the domestic China plate to create a low-end manufacturing, labor costs are still low.