Shanghai and Hong Kong-listed China International Marine Containers (CIMC) has won a lawsuit against a US anti-dumping probe into 53-foot containers imported from China.
CIMC has announced that US International Trade Commission (USITC) had determined that the import of 53-foot containers from China, including CIMC’s, has not resulted in substantial damage to the establishment of the US domestic industry.
According to the final determination made by the USITC, no anti-dumping or countervailing duty orders will be issued on import of 53-foot containers from China by the US Customs.
In May 2014, the United States Department of Commerce initiated anti-dumping and countervailing investigations into imports of 53-foot domestic dry containers from China.
In an initial decision made by USITC in June 2014, 53-foot containers exported to the United States from China were believed to have resulted in significant retard or substantial damage to the establishment of the US domestic industry. The US Department of Commerce made a final decision on 13 April 2015 to levy 28% tariffs for countervailing duties and 107.19% tariffs for anti-dumping duties on 53-foot containers imported from CIMC.
“We think we have won the case for the whole industry, which enables us to stand firmer when confronting such international disputes, even to face international trade frictions at a national level,” Wang Yu, CIMC legal adviser, told local media.
Zhang Baoqing, vice-president of the company, said the 53-foot steel containers are popular in North America, but are totally different from typical US aluminium containers. One advantage of steel containers is the low maintenance cost, he added.
Last year, CIMC’s revenue from the export of 53-foot containers to the US stood at CNY832.448 million, amounting to 1.19% of its total revenue. The final determination made by the USITC is believed to be favourable to the company’s container sales in the United States.
This post was sourced from IHS Maritime 360: View the original article here.
