This regulation imposes definitive countervailing duties on imports of certain pneumatic tyres from China, both new and retreaded, used for buses or lorries with a load index exceeding 121.The regulation’s structure includes sections on: procedure and previous investigations, product definition and market segmentation, analysis of subsidization practices in China, injury assessment of the EU industry, causation analysis, and determination of duties.Key provisions include:
- Confirmation of continued subsidization by China through various schemes including preferential lending, export credit insurance, provision of inputs at less than market value, tax exemptions and reductions
- Individual countervailing duty rates ranging from 3.75 to 57.28 euros per item for different Chinese producers
- Requirements for valid commercial invoices to apply individual duty rates
- Measures to prevent circumvention through monitoring of export patterns
- Continuation of duties based on likelihood of continued subsidization and injury to EU industry if measures lapsed
The regulation maintains existing anti-subsidy measures while updating and clarifying their application based on findings of continued subsidization and injury risk to EU producers. It aims to ensure fair competition while considering interests of all stakeholders including EU manufacturers, importers and users.
