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Description of Regulation (EU) 2024/2673
The Commission Implementing Regulation (EU) 2024/2673, adopted on 11 October 2024, establishes a provisional anti-dumping duty on imports of glass fibre yarns originating from the People’s Republic of China (PRC). This regulation is a result of an anti-dumping investigation that commenced on 16 February 2024, initiated by the European Commission following a complaint from Glass Fibre Europe, which provided substantial evidence of dumping practices and potential harm to the Union industry.
Investigation Procedure
The investigation was initiated under Article 5 of Regulation (EU) 2016/1036, leading to the registration of imports. Despite the investigation, no significant increase in import quantities was observed during the pre-disclosure period. The Commission interacted with various stakeholders, including Union producers, exporters, and importers, encouraging their participation in the investigation.
Sampling and Cooperation
Due to inadequate cooperation from Chinese exporters, the Commission opted not to use the sampling method usually employed in such cases and instead relied on Article 18 of the basic Regulation to assess dumping. Individual examination requests were made, with only Henan Guangyuan New Material Co., Ltd. providing a valid response to the questionnaire.
Product Definition
The regulation defines the product in question as glass fibre yarns (GFY), which are utilized in multiple sectors, including automotive, aerospace, and construction. It specifies the relevant CN codes for GFY while explicitly excluding certain types of glass fibre products from the investigation.
Dumping Determination
The Commission determined the normal value for GFY using undistorted prices from Türkiye, due to significant market distortions in China. The investigation found considerable government intervention within the Chinese economy that affected production costs and pricing, thus constructing the normal value based on costs from Türkiye was deemed necessary.
Injury Assessment
The injury assessment indicated that the Union industry had faced profitability prior to the investigation period but experienced substantial losses during it, attributed to rising imports from China. The Commission noted a decline in production volume and market share for Union producers, alongside price suppression associated with dumped imports.
Provisional Measures
Provisional anti-dumping duties have been established at 26.3% for Henan Guangyuan and 56.1% for all other imports from China. These measures are seen as essential to prevent further harm to the Union industry while reinstating fair market conditions.
Union Interest Considerations
The regulation concludes that the introduction of provisional measures is in the interest of the Union industry, aiming to shield it from ongoing injury due to low-priced imports. It also evaluated the potential impact on unrelated importers and users, determining that the overall market would not be adversely affected.
Final Provisions
The regulation allows interested parties to submit comments and request hearings within designated timeframes, promoting transparency and participation in the regulatory process. It is effective from the date of publication in the Official Journal of the European Union and will undergo a review after six months.
This regulation underscores the European Union’s dedication to upholding fair trade practices and protecting its domestic industries from the adverse effects of unfair competition resulting from dumping in the global market.
Review of each of legal acts published today:
Commission Implementing Regulation (EU) 2024/2673 of 11 October 2024 imposing a provisional anti-dumping duty on imports of glass fibre yarns originating in the People’s Republic of China
Analysis of COMMISSION IMPLEMENTING REGULATION (EU) 2024/2673
The Commission Implementing Regulation (EU) 2024/2673, adopted on 11 October 2024, imposes a provisional anti-dumping duty on imports of glass fibre yarns originating from the People’s Republic of China (PRC). This regulation stems from an anti-dumping investigation initiated by the European Commission on 16 February 2024, following a complaint from Glass Fibre Europe, which provided sufficient evidence of dumping and potential material injury to the Union industry.
1. Investigation Procedure
The investigation was initiated under Article 5 of Regulation (EU) 2016/1036, leading to the registration of imports, although no significant increase in import quantities was observed during the pre-disclosure period. The Commission actively engaged with interested parties, including known Union producers, exporters, and importers, inviting them to participate in the investigation.
2. Sampling and Cooperation
Due to low levels of cooperation from Chinese exporters, the Commission abandoned the sampling method typically used in such investigations and instead applied Article 18 of the basic Regulation to determine dumping. The investigation also involved individual examination requests, with Henan Guangyuan New Material Co., Ltd. being the only company providing a valid questionnaire response.
3. Product Definition
The product under investigation, identified as glass fibre yarns (GFY), is utilized across various industries, including automotive, aerospace, and construction. The regulation clarifies the specific CN codes applicable, explicitly excluding certain types of glass fibre products.
4. Dumping Determination
The Commission determined the normal value for GFY based on undistorted prices from a representative country, Türkiye, due to significant distortions in the Chinese market. The investigation revealed substantial government intervention in the Chinese economy, influencing production costs and prices, thus necessitating the use of constructed normal value based on costs from Türkiye.
5. Injury Assessment
The assessment of injury to the Union industry showed that while the industry had experienced periods of profitability prior to the investigation period, it suffered significant losses during the investigation period due to increased imports from China. The Commission noted a drop in production volume and market share for Union producers, alongside price suppression linked to dumped imports.
6. Provisional Measures
Provisional anti-dumping duties were set at 26.3% for Henan Guangyuan and 56.1% for all other imports from China. These rates were deemed necessary to prevent further injury to the Union industry while allowing for the re-establishment of fair market conditions.
7. Union Interest Considerations
The regulation concluded that imposing provisional measures aligns with the interests of the Union industry, as it aims to protect it from ongoing injury caused by low-priced imports. The assessment also considered the impact on unrelated importers and users, determining that the impact would not be detrimental to the overall market.
8. Final Provisions
The regulation mandates that interested parties may submit comments and request hearings within specified timeframes, ensuring transparency and engagement in the regulatory process. The regulation is effective from the date of publication in the Official Journal of the European Union and is to be reviewed after six months.
In summary, this regulation reflects the European Union’s commitment to maintaining fair trade practices and protecting its domestic industries from unfair competition arising from dumping practices in the international market.[:]
