EU doubles anti-dumping duties on Chinese optical cables
The European Union had opened an investigation into an alleged case of dumping on fiber optic cables from China (CN code ex 8544 70 00 or TARIC code 8544 70 00 10), over the period from July 1, 2019 to 30 June 2020. The investigation revealed dumping of between 19.7% and 44%. As a result, on November 17, 2021, the EU applied import duties to Chinese producers at the same level as the dumping identified.
A new investigation was opened at the EUROPACABLE's demand, representing UE fibre optic cables producers, to assess the price levels of the same fiber optic cables from China, during the support period, i.e. between October 1, 2021 and September 30, 2022. The investigation focused to compare the cost, insurance and freight delivered to European customs, by type of product, compared to the initial survey.
The conclusion is that during the takeover period, customs prices fell between 13.2% and 50%, dumping rose between 67.3% and 116.6%, and that the injury elimination level is comprised between 99.1% and 131.5%. The regulation limits the initial anti-dumping duties to two times, the EU therefore applied on August 8, 2023 import duties of between 39.4% and 88% according to Chinese exporters.
In its press release of August 9, the European Commission specifies that it wants to protect the 5,000 direct jobs, spread across several member states threatened by this dumping.
With nearly 1,000 employees on its Mortain industrial site in Normandy, ACOME, a cooperative founded in 1932, is among the leading European manufacturers of fiber optic cables. Businesses energize the local economic fabric. A job at ACOME on its site in Normandy indirectly generates about three jobs outside the company.
Also this new EU measure aims to protect its optical fiber industry, and also responds to an issue of industrial sovereignty.
ACOME promotes ethical business practice and therefore welcomes this new decision.
For more information you can consult Implementing Regulation (EU) 2023/1617 of August 8, 2023.