The Chinese government has issued a preliminary ruling that imports of pecans from the United States and Mexico are being dumped, determining a dumping margin of 54% for U.S. products.
According to Yonhap News Agency, the Ministry of Commerce of China announced on August 10 that its anti-dumping investigation, which began in September of last year, found that "dumping exists, the Chinese pecan industry has suffered substantial damage, and there is a causal relationship between the two parties."
The ministry stated that it will implement temporary anti-dumping measures in the form of deposits starting August 11, requiring importers to pay a deposit to the authorities.
For Mexican imports, the deposit rates will range from 17.8% to 51.6% depending on the company, while all U.S. companies will face a uniform deposit of 54.3%.
A spokesperson for the Ministry of Commerce noted, "Many Mexican companies cooperated with the investigation, but all U.S. companies did not respond. The rates for U.S. companies were determined based on available facts in accordance with Chinese law and World Trade Organization (WTO) regulations."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.