A Ministry of Economic Affairs probe into anti-dumping charges against cement and cement clinker imports from China found the Chinese products “had a substantial impact on Taiwan’s cement industry.”
The Chinese imports involve Portland cement type I, type II and its cement clinker, the International Trade Commission (ITC) said in a statement yesterday.
Portland cement type I is suitable for all uses in buildings and roads, while the type II cement is used for reservoirs, piers and heavy retaining walls. Clinker is used in making cement.
The commission said it would send its conclusions to the Ministry of Finance for review.
Under the Implementation Regulation on the Imposition of Countervailing and Antidumping Duties (平衡稅及反傾銷稅課徵實施辦法), the finance ministry should — within 10 days of receiving the ITC’s notice — submit the case to the Tariff Commission to determine whether to impose a countervailing duty or antidumping duty.
The ITC began its investigation in October last year, less than four months after Taiwan signed the Economic Cooperation Framework Agreement (ECFA) with China.
The complaint was filed by the Taiwan Cement Products Association (台灣區水泥工業同業公會), which said cheaper Chinese imports had cost its members’ business.
In January, the ITC published a preliminary report, finding that dumping of Portland cement from China had damaged local cement producers, such as Taiwan Cement Corp (台灣水泥) and Asia Cement Corp (亞洲水泥).
Other Taiwanese makers that joined the anti-dumping complaint included Lucky Cement Co (幸福水泥), Southeast Cement Corp (東南水泥), Hsin Hsin Cement Enterprise Corp (欣欣水泥), Universal Cement Corp (環球水泥) and Hsing Ta Cement Co (信大水泥).
The ITC said the Chinese cement products had increased their market share from 12.6 percent in 2007 to 21.2 percent in 2009, then dropped to 19.4 percent last year and fell to 13.6 percent in the first quarter of this year — when the dumping probe was underway.
In May, the finance ministry said it planned to levy a provisional anti-dumping tax on Chinese cement imports of more than 95 percent.
Napoleon Osorio is proud of being the first taxi driver to have accepted payment in bitcoin in the first country in the world to make the cryptocurrency legal tender: El Salvador. He credits Salvadoran President Nayib Bukele’s decision to bank on bitcoin three years ago with changing his life. “Before I was unemployed... And now I have my own business,” said the 39-year-old businessman, who uses an app to charge for rides in bitcoin and now runs his own car rental company. Three years ago the leader of the Central American nation took a huge gamble when he put bitcoin
Demand for artificial intelligence (AI) chips should spur growth for the semiconductor industry over the next few years, the CEO of a major supplier to Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said, dismissing concerns that investors had misjudged the pace and extent of spending on AI. While the global chip market has grown about 8 percent annually over the past 20 years, AI semiconductors should grow at a much higher rate going forward, Scientech Corp (辛耘) chief executive officer Hsu Ming-chi (許明琪) told Bloomberg Television. “This booming of the AI industry has just begun,” Hsu said. “For the most prominent
Former Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) chairman Mark Liu (劉德音) yesterday warned against the tendency to label stakeholders as either “pro-China” or “pro-US,” calling such rigid thinking a “trap” that could impede policy discussions. Liu, an adviser to the Cabinet’s Economic Development Committee, made the comments in his keynote speech at the committee’s first advisers’ meeting. Speaking in front of Premier Cho Jung-tai (卓榮泰), National Development Council (NDC) Minister Paul Liu (劉鏡清) and other officials, Liu urged the public to be wary of falling into the “trap” of categorizing people involved in discussions into either the “pro-China” or “pro-US” camp. Liu,
PARTNERSHIPS: TSMC said it has been working with multiple memorychip makers for more than two years to provide a full spectrum of solutions to address AI demand Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday said it has been collaborating with multiple memorychip makers in high-bandwidth memory (HBM) used in artificial intelligence (AI) applications for more than two years, refuting South Korean media report's about an unprecedented partnership with Samsung Electronics Co. As Samsung is competing with TSMC for a bigger foundry business, any cooperation between the two technology heavyweights would catch the eyes of investors and experts in the semiconductor industry. “We have been working with memory partners, including Micron, Samsung Memory and SK Hynix, on HBM solutions for more than two years, aiming to advance 3D integrated circuit
RSS