¡¡¡¡According to Anti-dumping Regulations of the People¡¯s Republic of China (hereinafter referred to as ¡°the Regulations¡±), the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) issued a notice on March 29, 2003, starting an anti-dumping investigation on imported Polyvinyl Chloride originating in USA, the Republic of Korea, Japan, Russia and as well as the Taiwan region.

¡¡¡¡MOFTEC and State Economic and Trade Commission have made investigation separately on dumping and the range of dumping, damage and the degree of damage to China¡¯s industries.

¡¡¡¡Approved by First Conference of Tenth National People¡¯s Congress, the Ministry of Commerce has carried out anti-dumping investigation. According to the investigation, Ministry of Commerce made original arbitration on May 12, 2003 that the dumping of the investigated products had taken place and it had caused substantive damage to China¡¯s industries and there was a direct causal relationship between the dumping and damage.

¡¡¡¡After the notice of original arbitration was issued, Joint Stock Company (SAYANSKCHIMPLAST) applied to Ministry of Commerce for signing an agreement on price. According to the Regulations Ministry of Commerce accepted the application and made an agreement on the price with the company on September 26, 2003. The agreement would come into effect on September 29, 2003.

¡¡¡¡As of the date that the agreement comes into effect, anti-dumping measures will not apply to SAYANSKCHIMPLAST. Enditem (mofcom.gov.cn)