Argentina has further upgraded anti-dumping investigations on tires originating in China. The Ministry of Industry and Tourism of Argentina announced on December 20 that it will launch an anti-dumping investigation on tires originating in China, which means anti-dumping will be expanded from previous bicycles to new rubber tires for automobile tires. Fan Rende, president of the China Rubber Industry Association, said this year that the rubber industry may experience its first negative growth since the reform and opening up.
Expanding from bicycle to automobile tire
It is reported that the objects of the anti-dumping investigation in Argentina include cars, passenger cars, trucks, agricultural and forestry vehicle tires originating in China. The review report submitted by the relevant authorities in Argentina held that the dumping margin of Chinese tyres in the Argentinean market was 165%. Therefore, there was evidence of anti-dumping investigations on tyres imported from China.
"We will seriously assess and study the next steps," said Deng Yaxi, secretary general of the China Rubber Industry Association. Argentina is one of the countries with the most anti-dumping measures in the world, and China is one of the countries with the most anti-dumping measures, of which one-quarter is aimed at Chinese products.
Deng Yaxi believes that the number of Chinese tire exports to Argentina is much less than that of the United States, and its impact on Chinese tire companies is not as serious as the United States’ investigation of Wartech.
However, Deng Yaxi said that the industry association is still collecting evidence and data in order to strive for a change in the review after 6 months. On September 30, India terminated its special survey on passenger car tires.
Delegates related parties said that Argentina had long had anti-dumping ideas on Chinese tires, and its neighboring country Brazil had previously imposed taxes on Chinese tires. According to the usual practice, the results of the Argentine survey are usually similar to those of Brazil, so the possibility of taxing Chinese-produced automobile tires in the future is extremely high.
Rubber industry or current negative growth this year
The tire industry in China is now undergoing anti-dumping investigations in more than a dozen countries, as well as special security investigations in the United States and India. Fan Rende said that in the next step, the association should grasp the information of trade frictions in a timely manner, consider setting up a special response agency, and respond as soon as possible to respond positively; trade frictions should be included in the important daily work of the association.
According to customs statistics, in the first 10 months, China has exported 240 million rubber tires, valued at 6.2 billion U.S. dollars, and volume and price have dropped by 9.6% and 10.5% respectively.
The Chinese rubber industry, which relied too much on exports to drive growth, has fallen into a predicament. He predicted that this year's rubber industry may experience the first negative growth since the reform and opening up, the national tire growth rate will be reduced by 13%, and the growth rate of the rubber industry will be 10% lower than last year.
As the proportion of China's self-owned brand tire exports in the national tire export volume is less than 8%, the weak brand influence of rubber products is a technical reason that is in trouble.
Fan Rende said that it is necessary to support Chinese enterprises to acquire foreign companies, patents, and brands, establish an independent brand marketing network system, and encourage companies to open up markets directly or rely on local markets to export directly to Europe and the United States.
For domestic tires with multiple export channels, low access conditions, and chaotic export markets, he said that through the government's formulation of relevant laws and regulations, the association has changed its self-discipline to strengthen the government's management and rectification of export companies and export trading companies. It is proposed to cancel some products. Poor quality, low export prices, poor reputation of the self-management of foreign trade companies and dealers.
It is reported that the association is suggesting that governments at all levels will no longer approve low-level tire product duplication projects in the near future; raising the export tax rebate rate, it is recommended to increase the export tax rebate rate from the current 9% to 15%, including tire products such as radial tires. Exports implement the policy of full repatriation.
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