EU accuses 16 CD-R firms of dumping



The European Union has accused 16 Taiwanese makers of recordable compact discs (CD-R) of dumping and threatened to take punitive measures, Taiwan’s Board of Foreign Trade (BOFT) said yesterday.

EU accuses 16 CD-R firms of dumping

The EU was considering imposing anti-dumping tariffs against the 16 companies after investigations showed that their products had hurt related industries in Europe, the BOFT said in a statement.

“The BOFT will provide local CD-R companies with information and assistance to minimise the impact of the EU’s action on local industry.”

The EU planned to impose varying anti-dumping tariffs of between 17.7 percent and 38.5 percent respectively against the accused CD-R makers, it said.

The makers charged with dumping were asked to make their case before March 21 to try to head off the possible punitive action, it said.

This could raise the price of CD-Rs but on the other hand a lot of companies are smart when it comes to laws and I’m pretty sure they will find a way to bypass it.

Source: Bday.net