Fri, Mar 15, 2002 - Page 17 News List

16 CD-R makers face EU's ire over issue of dumping

AFP , TAIPEI,

The EU has accused 16 Taiwanese makers of recordable compact discs (CD-R) of dumping and threatened to take punitive measures, Taiwan's Board of Foreign Trade said yesterday.

The EU was considering imposing anti-dumping tariffs against the 16 companies after investigations showed that their products had hurt related industries in Europe, the board said in a statement.

"The Board of Foreign Trade will provide local CD-R companies with information and assistance to minimize the impact of the EU's action on local industry."

The EU planned to impose varying anti-dumping tariffs of between 17.7 percent and 38.5 percent respectively against the accused CD-R makers, it said.

The makers charged with dumping were asked to make their case before March 21 to try to head off the possible punitive action, it said.

According to the EU investigation, market share of Taiwan-made CD-Rs in Europe soared to 60.1 percent from 6.3 percent between January and December in 2000 while the average price dropped 73 percent during that period.

Taiwan shipped 1.67 billion CD-Rs worth US$419.57 million to Europe last year, its second largest market after the US, the board said.

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