The EU will repeal "anti-dumping" duties of up to 20 percent against Taiwanese thermoplastic-rubber exporters including Chi Mei Corp (奇美實業), exposing European producers such as Total SA to more competition.
The EU will also reject a demand by European makers of the chemical product -- used for road asphalt, roofing, shoes and adhesives -- for similar tariffs against South Korean and Russian exporters including Korea Kumho Petrochemical Co and OAO Gaz-prom unit Sibur.
Fairly priced styrene-butadiene-styrene thermoplastic rubber from the three nations and a 7 percent fall in European demand for the product rather than dumping caused European industry's share of its home market to drop to 82 percent in the 12 months to March 31 last year, from 89 percent in 2000, the EU said.
European producers "faced more intense competition, at fair prices, from imports," the EU said in the ruling due to take effect after publication in the Official Journal in the coming days. "It was also found that the decrease in consumption in the EU contributed to the injury."
The anti-dumping duties against Taiwan include a 9.1 percent levy against Chi Mei, a 5.3 percent tariff against Lee Chang Yung Chemical Industry Corp (李長榮化學工業) and a 20 percent duty against other Taiwanese exporters of the product. The EU imposed the tariffs for five years on Sept. 23, 2000.
Taichung reported the steepest fall in completed home prices among the six special municipalities in the first quarter of this year, data compiled by Taiwan Realty Co (台灣房屋) showed yesterday. From January through last month, the average transaction price for completed homes in Taichung fell 8 percent from a year earlier to NT$299,000 (US$9,483) per ping (3.3m²), said Taiwan Realty, which compiled the data based on the government’s price registration platform. The decline could be attributed to many home buyers choosing relatively affordable used homes to live in themselves, instead of newly built homes in the city’s prime property market, Taiwan Realty
The government yesterday approved applications by Alphabet Inc’s Google to invest NT$27.08 billion (US$859.98 million) in Taiwan, the Ministry of Economic Affairs said in a statement. The Department of Investment Review approved two investments proposed by Google, with much of the funds to be used for data processing and electronic information supply services, as well as inventory procurement businesses in the semiconductor field, the ministry said. It marks the second consecutive year that Google has applied to increase its investment in Taiwan. Google plans to infuse NT$25.34 billion into Charter Investments Ltd (特許投資顧問) through its Singapore-based subsidiary Fructan Holdings Singapore Pte Ltd, and
Micron Technology Inc is a driving force pushing the US Congress to pass legislation that would put new export restrictions on equipment its Chinese competitors use to make their chips, according to people familiar with the matter. A US House of Representatives panel yesterday was to vote on the “MATCH Act,” a bill designed to close gaps in restrictions on chipmaking equipment. It would also pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on US companies like Lam Research Corp and Applied Materials Inc. The bill targets facilities operated by China’s ChangXin Memory Technologies Inc
Singapore-based ride-hailing and delivery giant Grab Holdings’ planned acquisition of Foodpanda’s Taiwan operations has yet to enter the formal review stage, as regulators await supplementary documents, the Fair Trade Commission (FTC) said yesterday. Acting FTC Chairman Chen Chih-min (陳志民) told the legislature’s Economics Committee that although Grab submitted its application on March 27, the case has not been officially accepted because required materials remain incomplete. Once the filing is finalized, the FTC would launch a formal probe into the deal, focusing on issues such as cross-shareholding and potential restrictions on market competition, Chen told lawmakers. Grab last month announced that it would acquire
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