Anti-dumping taxation applied to Chinese chemical products for insulation materials Cabinet decision coming September 9 at 6:05
The government has decided to apply an "anti-dumping tax" for the next five years, saying that Chinese chemical products used for insulation materials are being imported unreasonably cheaply and are damaging domestic companies.
The anti-dumping tax applies to chemicals of Chinese origin, mainly "tris(chloropropyl)phosphate" used for insulation.
As a result of the investigation by the Japanese manufacturer, the government determined that Chinese products were imported and sold at unreasonably low prices, causing damage to the domestic industry.
For this reason, based on the rules of the WTO = World Trade Organization, we will decide on a policy to apply "anti-dumping taxation" for the next five years, and will make a cabinet decision soon.
The tax rate will be 37.2%, which is the same level that was provisionally applied since June.
There was only one manufacturer in Japan that produced this product, and it was feared that if domestic products were lost due to the effects of dumping, they would depend on China for products such as houses needed for construction.