Listen to this article

The Chinese Ministry of Commerce said on Thursday that China has supported the United States to act carefully in making a fair ruling on planned anti-dumping duties on Chinese aluminum foil. It is essential to prevent any expected negative impact of such duties on bilateral trade agreements. A source from Jiangsu Zhongii Lamination Materials Co Ltd has confirmed that the Nonferrous Metals Industry Association of China and 12 major aluminum foil manufacturers are preparing to launch a legal challenge to secure their rights in free trade. The Chinese Ministry of Commerce also indicated that the ministry has received an email from the Nonferrous Metals Industry Association of China regarding the issue. The source indicated that we are managing to engage law firms in finding there is not original damage done to the U.S side.

The Director of the light metal department at the Nonferrous Metals Industry Association of China, Mo Xinda said that the process has started, but refused to explain. On Tuesday, the U.S Department of Commerce also published preliminary findings of a probe and indicated that some Chinese foil manufacturers have collected subsidies between 16.56 and 80.97 percent regarding their export business. The Department also said that punitive duties should be imposed if both the U.S International Trade Commission and the U.S Department of Commerce make favorable final rulings. The U.S government branches labeled Chinese commercial banks as Public Institutions unreasonably, whatever they have been market-oriented.