02:43China’s Ministry of Commerce in Beijing announced on Thursday that it had initiated an anti-dumping investigation into Canadian rapeseed exports. Spokesperson He Yongqian stated that the probe was prompted by evidence suggesting that Canadian rapeseed was being sold below market value, which has caused 'substantial damage' to China’s domestic industry.
“The decision to launch this investigation is based on objective facts and WTO rules,” He Yongqian said. “Our goal is to ensure a fair market environment and protect domestic industries from unfair competition.”
The investigation will cover imports from January 1 to December 31, 2023. He explained that due to the fragmented nature of China’s rapeseed industry, which makes it challenging for the industry to file a complaint independently, the government decided to act on its own.
This move comes in response to Canada’s recent announcement of a 100 percent tariff on Chinese electric vehicles, effective October 1. He Yongqian remarked, “We hope that this investigation will address the unfair practices and lead to a resolution that respects international trade norms.”
He Yongqian also addressed recent foreign investment trends, noting a 9.9 percent increase in profits for foreign-invested industrial enterprises from January to July. “This indicates that foreign investors remain optimistic about long-term investment prospects in China,” she added. “We continue to create a favourable environment for international businesses.”
In addition, China has launched a similar investigation into EU dairy subsidies and is preparing for trade talks with the EU on September 19.
'Substantial damage' – China’s MOFCOM launches anti-dumping investigation into Canadian rapeseed
China’s Ministry of Commerce in Beijing announced on Thursday that it had initiated an anti-dumping investigation into Canadian rapeseed exports. Spokesperson He Yongqian stated that the probe was prompted by evidence suggesting that Canadian rapeseed was being sold below market value, which has caused 'substantial damage' to China’s domestic industry.
“The decision to launch this investigation is based on objective facts and WTO rules,” He Yongqian said. “Our goal is to ensure a fair market environment and protect domestic industries from unfair competition.”
The investigation will cover imports from January 1 to December 31, 2023. He explained that due to the fragmented nature of China’s rapeseed industry, which makes it challenging for the industry to file a complaint independently, the government decided to act on its own.
This move comes in response to Canada’s recent announcement of a 100 percent tariff on Chinese electric vehicles, effective October 1. He Yongqian remarked, “We hope that this investigation will address the unfair practices and lead to a resolution that respects international trade norms.”
He Yongqian also addressed recent foreign investment trends, noting a 9.9 percent increase in profits for foreign-invested industrial enterprises from January to July. “This indicates that foreign investors remain optimistic about long-term investment prospects in China,” she added. “We continue to create a favourable environment for international businesses.”
In addition, China has launched a similar investigation into EU dairy subsidies and is preparing for trade talks with the EU on September 19.
China’s Ministry of Commerce in Beijing announced on Thursday that it had initiated an anti-dumping investigation into Canadian rapeseed exports. Spokesperson He Yongqian stated that the probe was prompted by evidence suggesting that Canadian rapeseed was being sold below market value, which has caused 'substantial damage' to China’s domestic industry.
“The decision to launch this investigation is based on objective facts and WTO rules,” He Yongqian said. “Our goal is to ensure a fair market environment and protect domestic industries from unfair competition.”
The investigation will cover imports from January 1 to December 31, 2023. He explained that due to the fragmented nature of China’s rapeseed industry, which makes it challenging for the industry to file a complaint independently, the government decided to act on its own.
This move comes in response to Canada’s recent announcement of a 100 percent tariff on Chinese electric vehicles, effective October 1. He Yongqian remarked, “We hope that this investigation will address the unfair practices and lead to a resolution that respects international trade norms.”
He Yongqian also addressed recent foreign investment trends, noting a 9.9 percent increase in profits for foreign-invested industrial enterprises from January to July. “This indicates that foreign investors remain optimistic about long-term investment prospects in China,” she added. “We continue to create a favourable environment for international businesses.”
In addition, China has launched a similar investigation into EU dairy subsidies and is preparing for trade talks with the EU on September 19.