The EU may remove tariffs of as high as 38.5 percent on blank compact discs from Taiwan and India in a fresh show of support for EU buyers of Asian consumer electronics over higher-cost European producers.
The European Commission said it would review the need for the duties five months after the EU dropped a threat to introduce levies against Chinese and Malaysian exporters of the products. The tariffs punish Taiwan's exporters for selling recordable CDs in Europe below domestic prices or below the production cost, a practice commonly known as "dumping," and India's exporters for receiving subsidies.
"It is appropriate to review the need for the continued imposition of the existing measures," the commission, the 27-nation EU's trade authority in Brussels, said on Thursday in the Official Journal. The commission's review will last as long as 15 months.
The EU is heeding the interests of European buyers of recordable CDs and blank digital versatile discs (DVDs) after import levies failed to bolster European producers, including France's Manufacturing Advanced Media Europe SA.
The EU imposed anti-dumping duties of as high as 38.5 percent on blank CDs from Taiwan in June 2002 and anti-subsidy duties of 7.3 percent on the product from India a year later.
The levies are for five years and EU producers can request a prolongation of the measures.
Among the rows of vibrators, rubber torsos and leather harnesses at a Chinese sex toys exhibition in Shanghai this weekend, the beginnings of an artificial intelligence (AI)-driven shift in the industry quietly pulsed. China manufactures about 70 percent of the world’s sex toys, most of it the “hardware” on display at the fair — whether that be technicolor tentacled dildos or hyper-realistic personalized silicone dolls. Yet smart toys have been rising in popularity for some time. Many major European and US brands already offer tech-enhanced products that can enable long-distance love, monitor well-being and even bring people one step closer to
Malaysia’s leader yesterday announced plans to build a massive semiconductor design park, aiming to boost the Southeast Asian nation’s role in the global chip industry. A prominent player in the semiconductor industry for decades, Malaysia accounts for an estimated 13 percent of global back-end manufacturing, according to German tech giant Bosch. Now it wants to go beyond production and emerge as a chip design powerhouse too, Malaysian Prime Minister Anwar Ibrahim said. “I am pleased to announce the largest IC (integrated circuit) Design Park in Southeast Asia, that will house world-class anchor tenants and collaborate with global companies such as Arm [Holdings PLC],”
TRANSFORMATION: Taiwan is now home to the largest Google hardware research and development center outside of the US, thanks to the nation’s economic policies President Tsai Ing-wen (蔡英文) yesterday attended an event marking the opening of Google’s second hardware research and development (R&D) office in Taiwan, which was held at New Taipei City’s Banciao District (板橋). This signals Taiwan’s transformation into the world’s largest Google hardware research and development center outside of the US, validating the nation’s economic policy in the past eight years, she said. The “five plus two” innovative industries policy, “six core strategic industries” initiative and infrastructure projects have grown the national industry and established resilient supply chains that withstood the COVID-19 pandemic, Tsai said. Taiwan has improved investment conditions of the domestic economy
Sales in the retail, and food and beverage sectors last month continued to rise, increasing 0.7 percent and 13.6 percent respectively from a year earlier, setting record highs for the month of March, the Ministry of Economic Affairs said yesterday. Sales in the wholesale sector also grew last month by 4.6 annually, mainly due to the business opportunities for emerging applications related to artificial intelligence (AI) and high-performance computing technologies, the ministry said in a report. The ministry forecast that retail, and food and beverage sales this month would retain their growth momentum as the former would benefit from Tomb Sweeping Day