The world’s largest aluminium producer Russia aluminum (party) alert is to remind the Australian government, urged the government to China’s large aluminum exports to Asian markets to take action. Russian aluminum refers to the practice of China’s exporters “camouflage” dumping “, “said hope the next time the world customs organization meeting to discuss this problem. After the United States and the European Union has ruled China dumping of steel products, aluminum could become the west and a trade complaint object of Chinese export enterprises.
According to Australia’s national newspaper the Australian (TheAustralian) reported that the Russian aluminum, Chinese exporters will aluminum as an intermediate exports, for VAT refund. This kind of tax incentives to make China’s exports aluminum ingots occupy the competitive advantage, belongs to the dumping. Russian aluminum Australia chairman JohnHannagan told the newspaper that Chinese counterparts of action “is obviously dumping, is merely a disguised.”
“Worst of all, the Chinese dumping in Asia to Australia market. This goes against China’s participation in the free trade agreement purposes, for the key to a third party market VAT export value so affected.”
Hannagan says he has been to Australia’s trade minister, and conveyed the concerns of the Russian aluminum customs for Macao official help, to let China dumping aluminum become the next world customs organization meeting agenda.
China is the world’s largest aluminium, finished and semi-finished aluminium producer and consumer. Reuters reported, China’s aluminium exports in addition to the 17% of the value-added tax, 15% of export tariffs, but not as semi-finished aluminium export tariff, but also can enjoy the 13% VAT tax refund, so more competitive in the international market.
Last year, according to the the Australian reported semi-finished aluminium prices tumbled because Asian market supply, there are 412000 tons of “camouflage” into semi-finished aluminium aluminium. Reuters report mentioned above, China aluminum products export growth of about 19% last year, given China’s domestic and international market prices, will keep this growth trend this year.
The Australian newspaper quoted the commonwealth bank of Australia (CommonwealthBank) data, said in January and February of this year, China’s aluminium exports continue to lift, exports rose 80% to 860000 tons of two months, worrying the global aluminum market oversupply.
After China’s iron and steel products has been overseas dumping “player”. In September last year, the U.S. department of commerce established in a ruling, the Chinese export oriented electrical steel in the United States there are dumping and subsidies, dumping margin of 159.21%, subsidy rate rose to 127.69%, from 49.15% last year to early may and cutting U.S. customs according to the amplitude of margin to the Chinese production and exporters.
According to Reuters news this month, the European Union this month will be exported to mainland China and Taiwan stainless steel cold-rolled steel anti-dumping duties. As last may respond to a complaint about the European steel union, the European commission plans to mainland China and Taiwan’s export tariffs on the steel about 25% and 25% respectively, to the members of the European Union since the 26th of this month’s proposed temporary tax advice, according to the end of September this year, the results of the above complaint investigation to decide whether to become a permanent tax.