The European Union imposed customs duties on Chinese manufacturers of fiberglass strings in China and Egypt.
According to Reuters, the European Union concluded that they benefited from unfair support that allowed them to sell at very low prices in Europe.
The European Commission, which oversees trade policy in the 27 European Union countries, said in a report published on Monday that those companies had received preferential loans and artificially cheap land and electricity. Various benefits and tax exemptions.
The companies include two companies in Egypt belonging to the China National Group of state-owned building materials, indicating the European Union's first-time consideration of whether China's assistance is unfairly supporting companies. Chinese abroad. Usually, the federation only considers support from the host country’s government.
In addition to the relevant anti-dumping duties, the European Union will apply customs duties between 30 percent and 99.7 percent, the highest rates applied to China-based companies and the lowest rates for operations In Egypt, according to the official newspaper of the European Union. And customs fees retroactively to January 22.
Fiberglass strings have extensive uses, such as for wind turbines, boats, trucks, and sports equipment.
Among the European producers, Europeans are European Corning Fiberglass, Belgium, Shomara, French Textile Industry, German Minister Xertex, and Ahlstrom Munchche Glasfiber, Finnish.
The commission is also looking into alleged alleged unfair support to Egypt's Joshi Company, a subsidiary of the China National Building Materials Group, regarding fiberglass reinforcements.
And it temporarily set fees at 8.7 percent in that case. Final results are due in July.
