Eurasian Economic Commission has levied anti dumping tax on Chinese commercial vehicle tyres

Eurasian Economic Commission has levied anti dumping tax on Chinese commercial vehicle tyres

Zr.ru – Eurasian Economic Commission (EEC) has levied anti dumping taxes between 14.79% – 35.35% on Chinese truck, bus, trolleybus, dump truck, trailer and semi-trailer tyres. As reported by Zr.ru, the rates have been determined individually for each manufacturer.

Following a domestic market analysis, the EEC Colloquium has come to the conclusion that the Chinese manufacturers carry out dumping.

EEC has started the investigation upon complaints from companies such as: Belshina, Omskshina, Yaroslavl tyre factories and Nizhnekamskshina Truck Tyre Factory. The colloquium has analysed the market data between 01.01.2011 – 30.06.2014 and decided that the complaints have sufficient grounds.

The EEC officials have found out that while the truck tyre market grew by 9.2% within the aforementioned period, the sales of Chinese brands increased by 27.1%, furthermore, the prices of these brands declined by more than twice, compared to their competitors. It has been determined that due to dumping, the Russian brands were forced to cut prices, which reduced profitability by 10% and put the tyre sector under threat, as a result.

The anti dumping tax will remain in force for five years.

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