TUESDAY, MAY 14, 1991
GOVT WELCOMES EC DECISION TO END ANTI-DUMPING PROCEEDING ON TAPES
SAID
TODAY (TUESDAY)
IT HAD
AGAINST AUDIO CASSETTE
IMPORTS TAPES
THE TRADE DEPARTMENT
RECEIVED INFORMATION THAT THE COMMISSION OF THE EUROPEAN COMMUNITIES HAD ANNOUNCED TERMINATION OF THE ANTI-DUMPING PROCEEDING INTO THE EUROPEAN ECONOMIC COMMUNITY (RBC) OF ORIGINATING IN HONG KONG.
"WE WELCOME THE COMMISSION'S DECISION, GENERAL OF TRADE, MR STUART HARBINSON, SAID.
THE DEPUTY DIRECTOR-
"IT MEANS THAT HONG KONG'S EXPORTS OF AUDIO TAPES WILL NOT BE SUBJECT TO ANY ANTI-DUMPING DUTIES.
TO
THE
BEC
PROVIDED BY DUTIES
"IN ADDITION, ANY SECURITY WHICH HAS ALREADY BEEN OUR COMPANIES TO GUARANTEE PAYMENT OF PROVISIONAL ANTI-DUMPING WILL BE RELEASED IMMEDIATELY," HE SAID.
MR HARBINSON SAID THE EEC INITIATED ANTI-DUMPING PROCEEDINGS SOUTH KOREA ON IMPORTS OF AUDIO CASSETTE TAPES ORIGINATING IN JAPAN, AND HONG KONG ON JANUARY 14, 1989.
FIVE HONG KONG COMPANIES PARTICIPATED IN THE INVESTIGATION FOUR WERE SUBSEQUENTLY EXONERATED.
AND
DID NOT
2.4
ON
THE FIFTH, AS WELL AS OTHER HONG KONG COMPANIES WHICH
DUTY OF PARTICIPATE, WERE SUBJECT TO A PROVISIONAL ANTI-DUMPING PER CENT WHEN THE COMMISSION ANNOUNCED THE PROVISIONAL REGULATIONS NOVEMBER 14 LAST YEAR,
"THE TRADE DEPARTMENT WAS NEVER CONVINCED THAT THE PROVISIONAL
HONG KONG ANTI-DUMPING DUTIES SHOULD HAVE BEEN IMPOSED ON
COMPANIES IN THE FIRST PLACE,' MR HARBINSON SAID.
"IMPORTS OF AUDIO CASSETTE TAPES FROM HONG KONG ACCOUNTED ONLY ABOUT 1.5 PER CENT OF THE EEC'S MARKET.
FOR
"FURTHERMORE, THE COMMISSION'S OWN INVESTIGATIONS FOUR OF THE FIVE COMPANIES INVESTIGATED WERE NOT DUMPING.
SHOWED THAT
FROM HONG KONG COULD HAVE CAUSED ANY SIGNIFICANT INDUSTRY, HE SAID.
"AGAINST THIS BACKGROUND, IT WAS HARD TO BELIEVE THAT IMPORTS
ΤΟ INJURY
THE BEC
MR HARBINSON SAID: "WE HAVE CONSISTENTLY PUT THESE POINTS ACROSS TO THE EUROPEAN COMMISSION
NATURALLY PLEASED THAT, APPARENTLY, OUR ARGUMENTS HAVE EVENTUALLY BEEN ACCEPTED.
AND ARE
"IN FAIRNESS, THE CASE ALSO GOES TO SHOW IS NOT IMPERVIOUS TO RATIONAL ARGUMENTS.
THAT
THE COMMISSION
COMMIS
■
UNDER THE GENERAL AGREEMENT ON TARIFFS AND TRADE (GATT)
IS NECESSARY TO SHOW ANTI-DUMPING RULES IT
BOTH DUMPING AND INJURY CAUSED BY THE DUMPING BEFORE ANTI-DUMPING DUTIES CAN BE LEVIED.
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