China accuses world's top optical fiber makers of dumping

AFP ^ | Thu, Jun 17, 2004 | AFP

[hedgetrimmer]

CORNING, United States (AFP) - China has accused the world's top optical fiber producers in the United States, South Korea (news - web sites) and Japan of dumping, US technology group Corning Inc. said.

Corning said it had received a preliminary determination from the Chinese trade ministry that it had dumped US-made "single-mode optical fibre," causing injury to Chinese producers.

The Chinese authorities also named the other major manufacturers: Japanese giant Furukawa and its US-based OFS subsidiary, and South Korean groups Samsung and LG, a Corning official said.

The preliminary ruling against Corning means Chinese importers of its optical fiber must make a cash deposit equal to 16 percent of the price to the Chinese customs authorities.

[hedgetrimmer]

"Corning is not able to estimate the impact of this preliminary determination on its fiber export business to China, but if the ruling holds it could have a significant negative impact on the company's ability to export fiber into China," the firm said in a statement.

[tallhappy]

It was a big mistake to let the psychopaths that rule China in to the WTO.

[hedgetrimmer]

In the meantime,
A Chinese court has sentenced a former executive of a Hong Kong subsidiary of the Bank of China to death for embezzling funds worth more than one million dollars, the Xinhua news agency said on Thursday.
***
I guess when the government owns the means of production, you don't mess with their stuff.

[BeerSwillr]

Ken Lay, Bernie Ebbers, et. al. should count their blessings

[hedgetrimmer]

It sure doesn't seem like free trade is a two way street, does it?

I mean, China has shut down production of all kinds of products and farm goods in this country by dumping and violating country of origin laws, and our spineless politicians don't do a thing about it.

[Military family member]

What about all the Steel and scrape that's being dumped in the US, from Russia, China, Japan?

[hedgetrimmer]

The 'T' word is now being bandied about. Free traders, will you come on in the defense of an American company?

China's Ministry of Commerce on Wednesday accused makers of optical fibre in the US, Japan and South Korea (news - web sites) of selling their products at unfairly low prices in the country and announced the preliminary decision of setting tariffs of up to 46 per cent on imports.

[hedgetrimmer]

The announcement followed recent moves by Beijing, long the target of more anti-dumping actions than any other country, to turn the tables by launching similar measures against imports itself. In January, China imposed tariffs of up to 55 per cent on cold-rolled steel from Russia, South Korea, Kazakhstan, the Ukraine and Taiwan for five years. The ministry is also investigating dumping charges against chloroform and cardboard makers in a number of countries.

http://news.yahoo.com/news?tmpl=story&u=/ft/20040617/bs_ft/1087373064963

China the target of anti-dumping actions because they use dumping to drive their competitors (or should I say strategic partners in Clintonian parlance) out of business.

[1rudeboy]

The way steel prices are now, it's unlikely that any is being "dumped" anywhere.

[1rudeboy]

It sure doesn't seem like free trade is a two way street, does it?

There's that funny word, "seem," again.

U.S. Files WTO Case Against China

[hedgetrimmer]

And why does the US have to use a global socialist body to resolve a trade dispute? China acts unilaterally against us, we should unilaterally solve this dispute ourselves.

The WTO is one of the reasons free trade isn't a two way street. A three member tribunal has no business telling the United States how do resolve our trade issues. Because if trade were "free" we as a country would be free to do what is best for us.

[Dr.Deth]

I think it's self-evident that too much fiber leads to excessive dumping.

[DannyTN]

Once you destroy the industry of the target country and eliminate or hurt the competition, then you stop dumping and raise the price.

That's the whole game.

[hedgetrimmer]

LOL

[1rudeboy]

SNAPSHOT OF WTO CASES INVOLVING THE UNITED STATES

Updated: March 9, 2004

UNITED STATES AS COMPLAINING PARTY -- of 64 complaints the United States has filed so far, 40 have been concluded (4 of which also involved compliance proceedings); 1 has partially concluded; 2 were merged with other complaints; 6 are in the litigation stage (for one complaint, consultations continue on one of the products at issue); and 17 are either in the pre-litigation consultation stage or currently inactive, as follows:

21-resolved to U.S. satisfaction without litigation:	(1) Korea-shelf-life restrictions; (2) EU-grain imports; (3) Japan-protection of sound recordings; (4) Portugal-patent protection; (5) Pakistan-patent protection; (6) Turkey-tax on movies; (7) Hungary-agricultural subsidies; (8) Philippines-pork & poultry imports; (9) Brazil-auto regime; (10) Sweden- intellectual property protection; (11) Australia-salmon imports; (12) Greece-intellectual property protection; (13) Ireland-intellectual property protection; (14) Denmark-intellectual property protection; (15) Romania-customs valuation; (16) Philippines-auto regime; (17) Belgium-rice imports; (18) Brazil-patent law; (19) EU-corn gluten imports; (20) Mexico-hog imports; (21) Argentina- patent protection (partial)
21-U.S. won on core issue(s)	(1) Japan-liquor taxes; (2) Canada-magazine imports; (3) EU-banana imports; (4) EU-banana imports (compliance proceedings); (5) EU-hormone-treated beef imports; (6) India-patent protection; (7) Argentina-textile imports; (8) Indonesia-auto regime; (9) Korea-liquor taxes; (10) Japan-fruit imports; (11) Canada-dairy sector; (12) Canada-dairy sector (compliance proceedings); (13) Australia- leather subsidies; (14) Australia-leather subsidies (compliance proceedings); (15) India-import licensing; (16) Mexico-antidumping duties on high-fructose corn syrup; (17) Mexico-antidumping duties on high-fructose corn syrup (compliance proceedings); (18) Canada-patent law; (19) Korea-beef imports; (20) India-auto regime; (21) Japan-apples (fire blight)
3-U.S. lost on core issue(s):	(1) Japan-film imports; (2) EU/Ireland/UK-tariff classification of computer equipment (three separate complaints consolidated into one case); (3) Korea-airport procurement
0-in appellate stage
6-in panel stage:	(1) Mexico-telecom barriers; (2) EC-Steel safeguards; (3) Canada-wheat; (4) EU-biotech products; (5) EU-geographical indication protection; (6) Mexico-AD duties on beef and rice (rice)
5-in consultations:	(1) Argentina-patent protection (partial); (2) Brazil-customs valuation; (3) Venezuela-import licensing; (4) Mexico-AD duties on beef and rice (beef); (5) Egypt-apparel tariffs
12-monitoring progress or otherwise inactive:	(1) Korea-import clearance; (2) Japan-Large Stores Law; (3) Belgium-yellow pages; (4) EU-dairy subsidies; (5) Chile-liquor taxes; (6) Belgium-tax subsidies; (7) France-tax subsidies; (8) Greece-tax subsidies; (9) Ireland-tax subsidies; (10) Netherlands-tax subsidies; (11) EU/France-avionics subsidies; (12) Argentina-footwear imports

UNITED STATES AS RESPONDING PARTY -- of 77 complaints filed against the United States so far, 41 have been concluded (2 of which also involved compliance proceedings); 10 were merged with other complaints; 11 are in the litigation stage; and 15 are either in the pre-litigation consultation stage or currently inactive, as follows:

12-resolved without litigation:	(1) Autos (Japan); (2) Wool coats (India); (3) Various products (EU); (4) Tomatoes (Mexico); (5) Poultry (EU); (6) Urea (Germany); (7) Brooms (Colombia); (8) Helms-Burton Act (EU); (9) TVs (Korea); (10) Cattle, swine & grain (Canada); (11) Textiles (EU); (12) Massachusetts government procurement (EU, Japan)
9-U.S. won on core issue(s):	(1) Sections 301-310 of Trade Act of 1974 (EU); (2) "Shrimp/turtle" law (India, et al.) (compliance proceedings); (3) CVD regulations (Canada); (4) AD-steel plate (India); (5) CVD-German steel (EU); (6) Section 129(c)(1) URAA (Canada); (7) Rules of origin-textiles and apparel products (India); (8) AD-sunset review (Japan); (9) CVD-softwood lumber (final) (Canada)
22-U.S. lost on core issue(s):	(1) Gasoline (Venezuela, Brazil); (2) Underwear (Costa Rica); (3) Wool shirts (India); (4) "Shrimp/turtle" law (India, et al.); (5) DRAMs (Korea); (6) UK leaded bars (EU); (7) Music licensing provision in US copyright law (EU); (8) 1916 Revenue Act (EU, Japan; two complaints consolidated into one case); (9) Bonding requirements (EU); (10) Wheat gluten import safeguard (EU); (11) Stainless steel AD (Korea); (12) Lamb meat import safeguard (Australia, New Zealand; two complaints consolidated into one case); (13) Hot-rolled steel AD (Japan); (14) Cotton yarn (Pakistan); (15) Section 211 of Omnibus Appropriations Act (EU); (16) Taxes on Foreign Sales Corporations (EU); (17) Taxes on Foreign Sales Corporations (EU) (compliance proceedings); (18) Line pipe safeguard (Korea); (19) CVD-steel products (EU); (20) CDSOA (Australia, et al.; two cases consolidated into one proceeding); (21) CVD-softwood lumber (prelim) (Canada); (22) Steel safeguards (EU, et al.; eight complaints consolidated into one case)
0-in appellate stage:
11-in panel stage:	(1) Safeguards on steel line pipe and wire rod (EU); (2) Orange juice (Brazil); (3) AD-softwood lumber (final) (Canada); (4) Cotton subsidies (Brazil); (5) Injury-softwood lumber (Canada); (6) AD-sunset review (Argentina); (7) Gambling and betting services (Antigua & Barbuda); (8) CVD-steel plate (Mexico); (9) AD - cement (Mexico); (10) AD - OCTG (Mexico); (11) CVD - Semiconductors (Korea)
7-in consultations:	(1) CVD-steel (Brazil); (2) AD-steel pipe (Italy); (3) AD-silicon metal (Brazil); (4) AD-softwood lumber (prelim) (Canada); (5) AD/CVD-sunset reviews (EC); (6) Steel safeguards (Chinese-Taipei); (7) "Zeroing" of AD margins (EU)
8- monitoring progress or otherwise inactive:	(1) Salmon (Chile); (2) Peanuts (Argentina); (3) Harbor maintenance tax (EU); (4) Live cattle (Canada); (5) Sugar syrups (Canada); (6) Section 337 of Tariff Act of 1930 (EU); (7) Amendment to Section 306 of Trade Act of 1974 (EU); (8) U.S. patent law (Brazil)

www.ustr.gov/enforcement/snapshot.pdf

[hedgetrimmer]

U.S. lost on 2) Underwear with Costa Rica?

What was that all about?

[hedgetrimmer]

Thats really hilarious, a global socialist tribunal ruling on Costa Rican underwear against the United States.

Dr.Deth this one's right up your alley.

[1rudeboy]

No clue.

[RightWhale]

China accusing someone of dumping?

[Military family member]

Last I checked, Scrap prices were still low. The New Steel, made in electric arc furnaces requires scrap. I spoke with a couple of local scrap dealers, who told me the prices were so low they were having a hard time making anything.