|
China to put tax on Taiwan bisphenol A products |
|
|
|
Written by The China Post staff
|
|
Wednesday, 29 August 2007 |
|
(Note: While China's toy companies have been in the news recently as a primary source of concern for parents around the globe, it is notable that China has taken the first step, ahead of the US, toward curtailing the use of bisphenol A -- a fact that should be brought to the attention of our own government.)
Starting today, China will impose a five-year anti-dumping tax of 5.3 to 6 percent on bisphenol A products made by some Taiwan companies, the Chinese Ministry of Commerce announced yesterday.
The companies involved may file a petition with the Chinese government to see if they can get themselves taken off the blacklist, the Board of Foreign Trade (BOFT) under the Ministry of Economic Affairs said. Bisphenol A products can be made into such items as pesticide, paint and ultra-violet absorbents (as well as baby bottles, as noted here on GentleNurturing.com). China earlier this year found certain bisphenol A manufacturers of Japan, South Korea, Taiwan and Singapore were engaged in the practice of dumping in the Chinese market.
Taiwan is subject to a lower tax rate compared to Japan (from 6.1 to 7.9 percent), and Korea (5.8 to 6.4 percent). Data released by Taiwan customs suggested last year, Taiwan bisphenol A exports to China totaled 17,000 tons, a 70 percent increase over 2005 and representing 56.2 percent of total bisphenol A exports, making China Taiwan's largest bisphenol A export destination.
|
