Your Location > Home > News & Market >International News > Aluminum Association welcomes U.S. Court of International Trade’s anti-dumping decision on Chinese aluminium foil
Today' Focus
-
Hangzhou Jinjiang Group's general manager Zhang Jianyang, vice general manager Sun Jiabin and their team had attended the SECOND BELT AND ROAD FORUM FOR INTERNATIONAL COOPERATION, they also attended the signing ceremony of comprehensive strateg...
International News
Domestic News
International News
Aluminum Association welcomes U.S. Court of International Trade’s anti-dumping decision on Chinese aluminium foil
- China Aluminium Network
- Post Time: 2019/8/23
- Click Amount: 506
U.S. Court of International Trade has affirmed virtually all of the U.S. Department of Commerce’s final antidumping determination on certain aluminium foil imported from China. The Aluminum Association has welcomed the court’s decision in a statement. Aluminum Association Vice President for Policy and International Trade Lauren Wilk said:
“The Aluminum Association was pleased that the U.S. Court of International Trade affirmed the bulk of the Department of Commerce’s final antidumping determination on certain aluminium foil from China. The court’s decision reinforces the critical role rules play in a functioning global trading system. Targeted trade enforcement – as we’ve seen successfully deployed in the U.S. markets for aluminium foil and common alloy sheet– can have a meaningful and positive impact on U.S. manufacturers.”
He reiterated the association’s commitment towards trade enforcement as a tool to address Chinese overcapacity, which is negatively influencing the total value chain in the aluminium industry.
The Aluminum Association highlighted the progress made towards the implantation of antidumping (AD) and countervailing duty (CVD) orders on imports of certain aluminium foil from China in a paper released earlier this year. The report shows about two-thirds drop in imports of unfairly subsidized Chinese aluminium foil and US$169 million in U.S. investment in the segment. This supported the strong impact trade enforcement can have on U.S. producers.
However, despite the drop in U.S. import from China, the country’s global semi-finished aluminium exports hit record levels in 2018 – growing by nearly 25 per cent YoY. The association and its member companies continue to monitor global trade flows of aluminium in order to create a level playing field.
The Association calls for a solution of the structural overcapacity in China as shown by the OECD report. This, according to the Association, will ensure continued growth and investment in the U.S. aluminium industry. If not addressed now, Chinese subsidized overcapacity would continue to distort the global aluminium market.
- Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China
Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China
Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this.
②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or
accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the
articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey
this.
③If any articles copied by our website concern the copyright and other problems, please contact us within one week.