The government will continue to levy anti-dumping duties on towel imports from China for the next five years, the Ministry of Finance says.
The new round of duties took effect yesterday and are scheduled to end on Dec. 19, 2016, with the rate remaining between 86.6 percent and 204.1 percent, the ministry said in a statement on Monday.
The ministry started a six-month investigation into Chinese towel imports in March and then notified the Ministry of Economic Affairs that a second-round investigation was needed.
“Evidence showed that imports would cause substantial damage to the nation’s towel industry again if we were to discontinue the levy, while a further probe confirmed that levying anti-dumping duties would not have an obvious negative impact on Taiwan,” the statement said.
The six major China-based companies that export towels to Taiwan are Kunshan Shanming Textile Co (昆山森鳴紡織), Zhejiang Twin Lantern Home Textile Co (浙江雙燈家紡), Nanjing Jiayou Textile Co Ltd (南京佳友紡織品), Shanghai Quanhe International Trading Co (上海千賀國際貿易), Shanghai Kaluda Home Textile Products Co Ltd (上海卡璐達家居紡織製品) and Uchino International Pte Ltd. However, all of them have refrained from dumping low-priced products and have also abided the price undertakings that were approved by the finance ministry.