The Eurasian Economic Commission has extended the anti-dumping duty on imported rolling bearings until September 17, 2013. This decision marks another extension in a long-standing trade dispute involving China and the Customs Union of Russia, Belarus, and Kazakhstan. The tariff was initially imposed in 2011, when the Customs Union Committee announced an anti-dumping duty ranging from 31.3% to 41.5% on Chinese rolling bearings. The measure was set to expire on January 20, 2013, but the Eurasian Economic Commission has now prolonged it for an additional period.
This move reflects ongoing concerns within the Eurasian Economic Union about the potential negative impact of cheap Chinese imports on local manufacturers. The extended tariff is expected to provide continued protection to domestic producers in the region. The decision also highlights the complex nature of international trade regulations and the importance of anti-dumping measures in maintaining a level playing field in global markets. As the new deadline approaches, further discussions may take place regarding the future of these tariffs and their long-term implications for trade relations between the Eurasian Economic Union and China.
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