17 Apr 2024 09:42

EEC proposes antidumping duties on cast aluminum rims from Japan, Thailand, Turkey, Malaysia

MOSCOW. April 17 (Interfax) - The Eurasian Economic Commission (EEC) has wrapped up an antidumping investigation against cast aluminum wheel rims from Japan, Thailand, Turkey and Malaysia imported into the Eurasian Economic Union (EAEU).

The commission's internal market protection department concluded that antidumping duties should be imposed on these products for five years, the EEC said on its website. It proposed duties of 42.82% on aluminum rims from Thailand, 36.54% from Japan, 35.29% from Turkey and 9.38% from Malaysia.

"An analysis of information obtained in the course of the antidumping investigation makes it possible to make a conclusion about the existence of 1) dumping imports of cast aluminum wheel discs originating from Japan, Thailand, Turkey and Malaysia and imported into the EAEU; 2) financial damage to a sector of the economy," the EEC department said.

The antidumping probe was launched in March 2023 on the initiative of the Association of Aluminum Producers, Suppliers and Consumers.

Last month the EEC decided to extend the antidumping duty of 33.69% on cast aluminum rims from China until December 26, 2024. This five-year duty, imposed in March 2019, was supposed to expire on April 27.