The State Council issued an order here Monday, announcing that the country's Anti-dumping Statute will be effective from January 1, 2002.
The statute, which was approved at the 46th executive meeting of the State Council on October 31, 2001, includes regulations concerning dumping and damage, anti-dumping investigations, anti-dumping measures and an anti-dumping tax.
According to the statute, anti-dumping investigations will be conducted on the condition that imported products enter China at a price lower than their actual export value, and actually cause damage, or pose a potential danger, to domestic enterprises.
The Ministry of Foreign Trade and Economic Co-operation (MOFTEC) will be responsible for conducting anti-dumping investigations and taking relevant measures.
The newly issued statute put forward three kinds of anti-dumping measures, namely, temporary anti-dumping measures, price promises and an anti-dumping tax.
Temporary anti-dumping measures are valid for between four and nine months. The collection period for the anti-dumping tax and price promises should not exceed five years.
However, if terminating the collection of anti-dumping tax will prolong losses caused by dumping activities, the period for the collection of anti-dumping tax may be extended.
(Xinhua News Agency December 11, 2001)
