China-USA/Sorghum
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. Facade of Chinese Ministry of Commerce
2. Plaque of Chinese Ministry of Commerce
Beijing, China - April 17, 2018 (CCTV - No access Chinese mainland)
3. Three photos of MOC statement about anti-dumping measures on imported U.S. sorghum
FILE: Yuanjiang County, Yunnan Province, southwest China - Dec 30, 2014
4. Various of sorghum farm
5. Various of farmers working on sorghum farm
China's Ministry of Commerce (MOC) announced Tuesday that it will impose provisional anti-dumping measures on grain sorghum imported from the United States.
A preliminary ruling by the MOC found that U.S. companies had dumped grain sorghum on the Chinese market, and such imports had caused substantial damage to the domestic industry.
Starting on Wednesday, importers of the product will be required to pay deposits with Chinese customs calculated based on a rate of 178.6 percent, according to the ministry.
CHS Inc, Planter's Grain Co-operative, and JC Farms are among the 18 U.S. companies on the list.
Data from the MOC showed U.S. sorghum exports to China surged from 317,000 tonnes in 2013 to 4.76 million tonnes in 2017, while export prices have slumped 31 percent during the period, which led to a fall in domestic prices that hurt local industries.
Wang Hejun, head of the ministry's trade remedy and investigation bureau, said the decision is in accordance with Chinese laws and WTO rules, and is aimed at correcting unfair practices to maintain a healthy trade order.
China-USA/Sorghum
Dateline : April 17, 2018/File
Location : China
Duration : 0'51
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. Facade of Chinese Ministry of Commerce
2. Plaque of Chinese Ministry of Commerce
Beijing, China - April 17, 2018 (CCTV - No access Chinese mainland)
3. Three photos of MOC statement about anti-dumping measures on imported U.S. sorghum
FILE: Yuanjiang County, Yunnan Province, southwest China - Dec 30, 2014
4. Various of sorghum farm
5. Various of farmers working on sorghum farm
China's Ministry of Commerce (MOC) announced Tuesday that it will impose provisional anti-dumping measures on grain sorghum imported from the United States.
A preliminary ruling by the MOC found that U.S. companies had dumped grain sorghum on the Chinese market, and such imports had caused substantial damage to the domestic industry.
Starting on Wednesday, importers of the product will be required to pay deposits with Chinese customs calculated based on a rate of 178.6 percent, according to the ministry.
CHS Inc, Planter's Grain Co-operative, and JC Farms are among the 18 U.S. companies on the list.
Data from the MOC showed U.S. sorghum exports to China surged from 317,000 tonnes in 2013 to 4.76 million tonnes in 2017, while export prices have slumped 31 percent during the period, which led to a fall in domestic prices that hurt local industries.
Wang Hejun, head of the ministry's trade remedy and investigation bureau, said the decision is in accordance with Chinese laws and WTO rules, and is aimed at correcting unfair practices to maintain a healthy trade order.
ID : 8078543
Published : 2018-04-17 17:18
Last Modified : 2019-03-17 07:50:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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