|
¡¡¡¡BEIJING, Nov. 25 -- Chinese candle makers will have to halt exports to the
United States next year if a decision expected in January puts candles made from
palm oil in the same category as petroleum wax candles, which were slapped with
a 108.3 percent anti-dumping tariff last December
.
¡¡¡¡More than 10,000 Chinese candle makers and 30,000 affiliated suppliers of
fragrances, candle stands and cotton wicks would be affected by an adverse
ruling, putting in jeopardy hundreds of thousands of jobs, industry sources said
yesterday.
¡¡¡¡The United States started a dumping investigation into Chinese palm wax
candles in March, claiming the products are only minor alterations to the
petroleum wax candles that are now subject to punitive duties.
¡¡¡¡If the January ruling goes against it, the blow to the Chinese candle
industry would be huge, as 90 percent of the country's candle exports are made
of palm wax, said officials at the China Chamber of Commerce for Import and
Export of Foodstuffs, Native Products and Animal By-products.
¡¡¡¡China is the world's biggest candle supplier.
¡¡¡¡Last year, the United States bought US$139 million worth of Chinese
candles, accounting for 60 percent of total Chinese exports.
¡¡¡¡The European Union is the second-largest market, purchasing almost 40
percent of Chinese candle shipments.
¡¡¡¡So far only seven Chinese candle makers have filed complaints against the
possible charge, including Qingdao-based Kingking A.C. Co Ltd, China's largest
candle exporter, and Shanghai Autumn Light Enterprise Co Ltd, which exported 300
million yuan (US$37.1 million) worth of candles to the United States last year.
¡¡¡¡No candle company could continue exports to the US if the new tariffs are
imposed, said Yu Qingrong, general manager of Shanghai-based Autumn Light.
¡¡¡¡Shanghai Autumn Light said US clients have been reluctant to place an order
since March and the company's orders have been shrinking by more than 60 percent
from last year.
¡¡¡¡Yu said he displayed his products at a Frankfurt gift fair several months
ago, trying to tap the EU market.
¡¡¡¡"I found I have to mark down the price to US$3.9 for a type of candle for
the EU market, compared with US$4.5 for the US market as competition gets
tough," he said. "It could be a disaster for Chinese candle makers."
¡¡¡¡(Source: Shanghai Daily)
¡¡¡¡
¡¡¡¡
|