But when the EU slapped punitive duties
on Argentine biodiesel exports, accusing the country of "dumping" at unfairly low prices, Argentina was forced to seek alternative markets.
The World Trade Organization has ruled the United States was wrong to impose punitive duties
on a wide range of Chinese goods, in a decision that could have long-term impacts, Voice of America reported.
With Chinese companies such as Yingli Energy (China) , Wuxi Suntech Power and Changzhou Trina Solar Energy controlling 80 per cent of the EU solar-panel market, China's government threatened to retaliate by imposing punitive duties
of its own on imports from Europe of polysilicon -- a material used in solar panels.
The Commission previously said that in light of the anti-dumping accord, it would not impose punitive duties
in the anti-subsidy case but that it would continue the probe through to a solution.
The EU's proposed levying of punitive duties
on Chinese solar panels would severely impair bilateral trade ties, Ministry of Commerce spokesman Shen Danyang warned on May 16, adding that "China's preference to use dialogue and negotiations to resolve the frictions has not changed.
Chinese Premier Li Keqiang has strongly opposed the European Union's (EU) anti-dumping and anti-subsidy investigations and punitive duties
against Chinese companies making photovoltaic products and mobile telecommunications equipment.
10, 2012 (CENS)--Taiwanese solar cell makers are likely to see influx of orders shifted from Europe in the short term, for EU Commission has launched antidumping investigations on Chinese photovoltaic product suppliers in the EU bloc, and considers imposing punitive duties
of over 30% on imports from China.
In regard to trade disputes, many sober minds have pointed out that the punitive duties
the United States has repeatedly slapped on Chinese goods are harmful not only to Chinese industries but to the recovering U.
The automaker is taking this step after regulators in the country stated that they will impose punitive duties
on some vehicles imported from the United States.
But the talks where also marred by China slapping punitive duties
on large cars and SUVs imported from the United States in the latest in a tit-for-tat trade spat between the two.
The United States said in its Federal Register it had dropped punitive duties
on a list of EU goods - from truffles to chocolates and cheese - that had been subject to sanctions in retaliation for the EU refusal to import hormone-treated beef.
The actual duty rate on this type of yarn is 9 percent, which is double the so-called punitive duties