According to reports, a senior Brazilian official who knows the situation directly stated that Brazil plans to recognize China’s market economy status. The official, who asked for anonymity because the information was not disclosed, said that not recognizing China's market economy status has the risk of triggering disputes between Brazil and important trading partners. China and Pakistan's tire trade volume grows faster According to the agreement of China's accession to the World Trade Organization (WTO) in 2001, other countries should give China market economic treatment 15 years later, that is, in December 2016. The above-mentioned anonymous official said that recognizing China’s market economy status will lead to the end of anti-dumping duties on Chinese goods. It is reported that the Brazilian government is studying the impact of this decision on its domestic industries and other methods of assisting the manufacturing industry. According to industry insiders, if Brazil recognizes the economic status of China's market, it is undoubtedly a great good thing for the Chinese tire industry. As the “brick and steel five countries†farthest from China, Brazil is now getting closer and closer to China: Brazil is China’s largest Latin American trade partner, and China is Brazil’s largest trading partner. Among them, the tire trade volume between the two countries is increasing year by year, and more and more Chinese tires are sold to the Brazilian market. On the other hand, the Brazilian Federation of Industry (CNI) also stated that the Pakistani government should adopt the same policies as the European Union and the United States, otherwise there will be an influx of Chinese products into Brazil. Brazil repeatedly anti-dumping against Chinese tires It is understood that while trade is growing, Brazil has also become one of the countries in developing countries that have taken anti-dumping measures against Chinese products most frequently. Almost all tire products in China have been subjected to anti-dumping investigations in Brazil. At the end of 2015, Brazil launched an anti-dumping investigation on agricultural tires in China and expanded the scope of investigation. A total of 45 Chinese tire companies were involved in the case. Of these, four companies, namely Guizhou Tire, Qingdao Qihang Tire, Qingdao Ono Tire, and Zhongce Rubber Group, were listed as sample companies. Prior to this, Brazil extended its anti-dumping investigation on Chinese truck tires until 2020 and imposed an anti-dumping duty of 1.12 to 2.59 USD/kg on Chinese truck tires. Brazil's anti-dumping measures for Chinese-made passenger car tires came earlier. The anti-dumping tax was as high as US$2.14/kg (tax rate 69.5%). In 2014, Brazil decided to impose anti-dumping duties of 0.28-3.85 USD/kg on bicycle tires imported from China for a period of 5 years. In addition, other related products in the Chinese tire industry are also affected. In 2014, Brazil began to impose anti-dumping duties on precipitated silica (white carbon black) imported from China, with a total of 63.39 U.S./ton, 256.09 U.S./ton, and 594.41 U.S./tonne. The tax period is 5 years. Terminated on April 24, 2019. Liyang Paper Products Co., Ltd. was established in 1999,a professional enterprise integrated in R&D,Marketing and Manufacturing.Liyang Printing provide best solutions and service to various fields of industry.For example,we can make nice and luxury presentation File Folder.Such as Presentation Folder,Paper Presentation Folder,A5 Presentation Folder,A4 Presentation Folder,etc.Our presentation file folder with high quality are exquisite printing for your products.
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Changes in Brazil's China Policy Will Benefit the Tire Industry
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