www.xinhuanet.com
XINHUA online
CHINA VIEW
VIEW CHINA
 Breaking News FLASH: SECURITY COUNCIL ADOPTS STATEMENT CALLING ON IRAN TO SUSPEND ENRICHMENT-R    FLASH: UN SECURITY COUNCIL REACHES AGREEMENT ON THE DRAFT STATEMENT ON THE IRAN    Urgent: UN: Ex-Liberian leader Taylor handed over to court in Sierra Leone    Urgent: Hamas-led Palestinian cabinet takes office    
Home  
China  
World  
Business  
Technology  
Opinion  
Culture/Edu  
Sports  
Entertainment  
Life/Health  
Travel  
Weather  
RSS  
  About China
  Map
  History
  Constitution
  CPC & Other Parties
  State Organs
  Local Leadership
  White Papers
  Statistics
  Major Projects
  English Websites
  BizChina
- Conferences & Exhibitions
- Investment
- Bidding
- Enterprises
- Policy update
- Technological & Economic Development Zones
Online marketplace of Manufacturers & Wholesalers
   News Photos Voice People BizChina Feature About us   
EU set to resume anti-dumping duty against Chinese TV
www.chinaview.cn 2006-03-30 04:33:22

    BRUSSELS, March 29 (Xinhua) -- The European Union (EU) said on Wednesday that it would resume anti-dumping duty against Chinese Television after several Chinese companies called back their promises on minimum export price.

    "We have no choice but to invalidate the agreement signed in 2002," Stephen Adams, spokesman for EU executive European Commission, told Xinhua.

    According to a deal reached in August of 2002, the EU annulled its 44.6 percent anti-dumping duties against seven major Chinese TV-makers but only on the condition that the producers accept the EU-set quantitative ceilings and minimum prices.

    A few months ago, Konka Group Co Ltd, a leading Chinese TV-maker, withdrew from the agreement after it failed to convince the EU to adjust the minimum export prices.

    Konka argued that the rising euro and lowering production cost have made the minimum price set by the EU "unrealistic" and "uncompetitive".

    A spokesperson for Chinese mission in the EU told Xinhua that the Chinese enterprises made their decisions with their own accord. The Chinese government hoped the EU would deal appropriately with this issue.

    According to Stephen Adams, the European Commission has decided to resume the anti-dumping measures and made the proposal to the EU council, the Brussels jargon referring to the meeting of EU member states' ministers.

    The EU would levy the original anti-dumping duties, which was 44.6 percent, as soon as the council adopts the proposal, he added.

    Chinese TVs, debuted in Europe in 1980s, had been gradually driven out of the market since the EU's first anti-dumping investigation in 1988. Enditem

Editor: Luan Shanglin
  Related Story  
Copyright ©2003 Xinhua News Agency. All rights reserved.
Reproduction in whole or in part without permission is prohibited.