Brazil may impose 52% anti-dumping duties on tires from South Africa and other countries
The Brazilian government began an anti-dumping investigation against bus tires and truck tires in South Africa, Japan and Thailand a year ago. Today, the anti-dumping investigation will be extended for another six months until December 2014. Experts said that Brazil will inevitably impose a 52% anti-dumping tax on the above-mentioned tire exporting countries. After an application submitted by Anip, a joint organization representing Brazilian tire manufacturers, last year submitted an application, the Brazilian government launched an anti-dumping investigation procedure on multinational imported tires in June. PwC trade expert George Geringer said on the 23rd that Brazil’s anti-dumping duty of 52% tires seems inevitable. This tax sword refers to tire exporters in Russia, Thailand, South Korea, Taiwan and Japan. The allegations against South African tire manufacturers include dumping tires at a 52% discount. The normal price of the tire was $6421 a ton, while the export price dropped to $4,225 a ton. To determine whether dumping is constituted, it is determined by comparing the exporter’s domestic sales price with its export price. South Africa's Apollo Tire Company was on the occasion of an anti-dumping investigation when it exported to Brazil. It is reported that Apollo Tire Co. has cooperated with the completion of the Brazilian government's questionnaire and conducted related cooperation. At present, Apollo is the only South African large-scale tire company that exports tires to Brazil. Therefore, even if it is affected, it will not fundamentally shake up the pattern of the South African tire export industry. The anti-dumping documents from Brazil stated that due to the lack of detailed price information on anti-dumping tires, Brazil will determine the price according to “estimated production costs, operating prices, profit marginsâ€. At the South African Tire Manufacturers Conference CEEO tienne Human said that overall, in the past few years South Africa's tire exports have shown a downward trend. Existing import tariffs and price competition have resulted in increasingly lower export profits. Overall, South Africa’s anti-dumping duties of 52% on foreign bus (truck) tires seem to be unavoidable. Laser Pipe Cutting Machine,Laser Tube Cutting Machine,Cnc Laser Tube Cutting Machine,Cnc Laser Pipe Cutting Machine Jiangsu Dajin Laser Science and Technology Co., Ltd , https://www.ledanlaser.com