Date: 2013-07-31

Russia Issue Anti-dumping Investigation on Chinese Bearings

Russia Issue Anti-dumping Investigation on Chinese Bearings

Recently, China Chamber of Commerce for Machinery Equipment(CCCME) convened emergency meeting in Beijing, discussing how to respond to the prospective anti-dumping investigation that Russia will issue.

Representatives from Ningbo Cixi Imp & Exp Company and Zhejiang Fuda Bearing Co.,Ltd attended this meeting. This case will be the second one this year, since the Ukrain anti-dumping case in Feburary.

For this Russian anti-dumping case, value involved hit more than USD17 million. As was informed from Administration of Quality Supervision, Inspection and Quarantine in Cixi city: As a small bearing exporter to Russia, Cixi earned foreign exchange of USD3.91 million last year; and during the first three quarters this year their export have increased to USD7.97 million, 103% higher than the corresponding period prior year. Only Zhejiang Fuda Bearing Co.,Ltd export over USD1 million worth's bearings to Russia.

According to analysts, Russia, an rising exporting destination, can greatly influence other East European exporting destinations. And given the connection between bearings and auto parts, anti-dumping on bearings will surely impact trade of auto parts. Therefore, if Russia issued anti-dumping duty on Chinese bearings, domestic exporters of auto parts would also be influenced.

Previous: China-Russia Joint Venture Operate Well in First 3 Months
Next: HRB Auto Bearing Pass TS16949

Hot Products:

Product Model	Inside Diameter	Outside Diameter	Thickness
AH3944H bearing	220
AH3944 bearing	220

【TradeBearings News Statement】

1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"TradeBearings".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.