Recently, there are still many uncertain factors in the international situation. In addition to the new crown epidemic, which is rising again on a global scale, the”farce” of the United States is still being staged. The”torn America” is even called the 2021 world ten. The first big risk. However, no matter how the outside world changes, China always keeps its feet on the ground and walks its own path step by step in accordance with the predetermined goals. Last year, my country took countermeasures against a number of Australian products that violated laws and regulations, which caused heated discussions. Many people applauded and applauded. Nowadays, the Ministry of Commerce has once again taken action to impose sanctions on dozens of countries including the United States, the European Union, the United Kingdom, and Japan.
According to Observer.com, the Ministry of Commerce recently released this year’s Announcement No. 2 decided to impose anti-dumping duties on imported m-cresol, which means that as many as 30 countries will be affected, and the imported m-cresol is originally produced in the United States, the European Union, the United Kingdom, and Japan. As early as the end of July 2019, the Ministry of Commerce had initiated an anti-dumping investigation on the imports of m-cresol from relevant countries, and the investigating agency finally determined that the imports of m-cresol led by the United States, the European Union, the United Kingdom, Japan and other countries did indeed have dumping As a matter of fact, domestic related industries have been impacted as a result, and there has been substantial damage. There is a clear causal relationship between the dumping actions of these countries and the damage. Therefore, the Ministry of Commerce proposed to the Customs Tariff Commission of the State Council on the collection of anti-dumping duties. Announcement No. 2 issued recently stipulates that anti-dumping duties of up to 131.7%and minimum of 27.9%will be imposed on enterprises in these 30 countries, and they will be implemented on the 15th, with a tentative implementation period of 5 years.
So what is m-cresol? In fact, it is an important fine chemical product with a wide range of applications. It has its presence in the fields of medicine, pesticides, dyes, fragrances, and fungicides. In addition, it can also be used to produce vitamin E, menthol, resin plasticizer, etc. It can be said that it has been involved in all aspects of life. Although the product looks inconspicuous, it is not easy to break industry barriers. Prior to this, the production of m-cresol was monopolized by countries such as Germany, the United States, and Japan. Companies in these three countries alone monopolized 80%of the global production capacity, and my country has been very dependent on imported m-cresol until 2016 Only when my country achieved technological breakthroughs did it completely break down the technical barriers and also broke the monopoly of foreign products. However, in order to maintain their competitive advantages, companies such as the United States and Japan with more complete production lines have joined forces to suppress the price of m-cresol, making it difficult for domestic m-cresol companies to make any progress. In order to continue to promote the localization of m-cresol, the sanctions issued by the Ministry of Commerce this time will undoubtedly combat the arrogance of foreign companies and escort domestic companies.
Although this is not the first time the Ministry of Commerce has dealt with chemicals, It is indeed rare to take countermeasures against 30 countries at once. This also shows that my country has realized the crisis and tried to get rid of its dependence on imported products. And Biden is about to come to power. When America’s attitude towards China is still unclear, it’s important to protect domestic companies and”practice their internal strength.” More important things.