The European Commission has imposed definitive anti-dumping duties on imports of glass fibre yarns from China, directly safeguarding 1,200 EU jobs and reinforcing the EU’s glass fibre sector against unfair trading practices.
Following an investigation, the Commission found that imports of Chinese glass fibre yarns were being dumped on the EU market, causing injury to domestic producers. The anti-dumping duties range from 26.3 per cent to 56.1 per cent, aiming to restore fair competition between EU-produced glass fibre yarns and those imported from China.
The latest measures complement existing EU actions to shield the glass fibre industry from a range of unfair trading practices exacerbated by China’s significant overcapacity in the sector, the Commission said in a release.
Previous investigations by the Commission uncovered substantial evidence of World Trade Organization (WTO)-incompatible subsidies provided to Chinese exporting producers, both domestically and through the Belt and Road Initiative. Additionally, there were findings of circumvention attempts where production was shifted to third countries outside China to bypass EU trade measures.
Glass fibre yarns are lightweight reinforcement materials extensively used in the automotive, electrical and electronic, construction, energy, and aerospace sectors. They play a vital role in the EU’s clean technology supply chains, making them essential for the EU’s green transition.
The European Commission has imposed anti-dumping duties of 26.3 to 56.1 per cent on Chinese glass fibre yarns to protect 1,200 EU jobs and counter unfair trade practices.
The move follows an investigation confirming dumping that harmed EU producers.
The EU also cited WTO-incompatible Chinese subsidies and circumvention tactics to bypass trade measures.
Fibre2Fashion News Desk (HU)
