Thailand Investigates Claims of Chinese Aluminium Dumping

[snoop1130]

 

Thailand's Foreign Trade Department has initiated an investigation into accusations of aluminium dumping by China. This is due to complaints from local steel manufacturers who argue the surge in aluminium imports is impacting domestic production negatively.

 

Thailand's acting Commerce Minister Phumtham Wechayachai says the investigation is part of a wider strategy to deal with the influx of Chinese goods into the country. A source from the ministry, who chose to remain anonymous, said Phumtham is instructing relevant agencies to put in place policies and measures to protect local industries.

 

The Commerce Ministry is actively pursuing trade remedies, which include antidumping actions, measures to counterbalance duties (countervailing duty measures) and safeguards. These primarily involve higher customs taxes and imposing antidumping duties on steel products imported from numerous countries, such as China, Taiwan, Japan, the European Union, South Korea, and Vietnam.

 

Phumtham, who chairs the Antidumping and Countervailing Committee, has made a provisional positive decision in the investigation of aluminium imports from China. The probe is expected to last nine months. If it verifies dumping, the ministry will impose an anti-dumping tax on these imports for a period of five years, subject to review.

 

According to the Bangkok Post, if dumping continues past the initial five years, these duties could be extended for an additional five years, based on current regulations.

 

Phumtham notes that since 2023, Thailand has implemented anti-dumping taxes in 20 instances, primarily regarding steel products. This was done to protect local operators and lessen the impact of the US-China trade war.

 

"As the trade war continues, local steel operators are worried about Chinese steel products being dumped in Thailand and the wider Southeast Asia region as China looks for other markets to compensate for decreasing steel exports to the US caused by imposed tariffs," said Phumtham.

 

Besides the 20 instances where the anti-dumping tax has already been put in place, the Thai government is considering extending it to cold-reduced carbon steel, china's coiled and uncoiled, and other products like hot-rolled steel sheets, steel tubes, and pipes from China, South Korea, and Taiwan.

 

File photo for reference only

 

-- 2024-08-21

 

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[dinsdale]

Steel, aluminium (correct spelling), EV's and billions of tonnes of junk products. The CCP heavily subsidises industry and then dumps on international markets. 

[hotchilli]

12 hours ago, dinsdale said:

Steel, aluminium (correct spelling), EV's and billions of tonnes of junk products. The CCP heavily subsidises industry and then dumps on international markets. 

The Chinese MO, kill off the competition then take over.

[spidermike007]

China is a one way street. It is extremely difficult to export to China. But, they dump anything they want onto the world market, and CCP subsidies are part of their strategy to cripple friends and enemies, neighbors and the world. They just don't care. The CCP and Xi are heinous. 

[SABloke]

Steel producers complaining about aluminium imports is akin to chicken farmers complaining about pork imports. 

[OneZero]

Yes, I know I can be criticized for posting this before in other threads, but it deserves wide & repeated recognition that the CCP is not Thailand's bosom buddy.  Also, a bit off topic, but it is absolutely disgusting, especially in Thailand's currently bad economic /manufacturing condition, that Thailand is still considering supporting CCP manufacturing & potential blackmail with an unnecessary CCP submarine deal.  Thai decision makers should consider any penalties & past money spent a sunk cost & end the RTN face buying ASAP.   Following is a repost of a 19Aug24 article on formal CCP policy of subsidizing over production then dumping it on foreign markets for the purpose of destroying competitive business /economies &/or swooping in to buy at fire sale prices.  CCP is then in control, just as they would be if/when the RTN is dependent upon them for logistics goodwill.  Thai decision makers - Wake the Hell Up.

 

China’s Not-So-Secret Economic Weapon (amac.us)  19Aug2024

A new report has provided compelling evidence that China’s excess manufacturing capacity – long considered a potential weakness by many Western economists – may in fact be a critical part of Beijing’s efforts to undermine the United States by decimating the American manufacturing sector.  As the Alliance for American Manufacturing (AAM) writes, “Overcapacity is a feature, not a bug, of China’s model of state capitalism.” While a production glut may be a serious problem in a free-market economy, Beijing’s willingness to heavily subsidize Chinese industry has allowed Chinese companies to continue pouring cheap goods into foreign markets – including using backdoors through countries like Vietnam and Mexico to skirt American tariffs.

The concept of the state using its control of markets to wield excess manufacturing output as an economic weapon against capitalist nations has a long history in communist thought. Mao Zedong, China’s first communist leader, was an avid proponent of the writings of early Soviet philosopher Lyubov Axelrod, who proposed that the oversupply of capitalist markets with cheaper products manufactured by the communist state-sponsored companies could undermine the power of Western capital.  But it was Mao’s successor, Deng Xiaoping, who strategically prepared Chinese industry to actually implement this goal – a goal that Xi Jinping has fully embraced.

[RocketDog]

On 8/22/2024 at 1:06 PM, OneZero said:

Yes, I know I can be criticized for posting this before in other threads, but it deserves wide & repeated recognition that the CCP is not Thailand's bosom buddy.  Also, a bit off topic, but it is absolutely disgusting, especially in Thailand's currently bad economic /manufacturing condition, that Thailand is still considering supporting CCP manufacturing & potential blackmail with an unnecessary CCP submarine deal.  Thai decision makers should consider any penalties & past money spent a sunk cost & end the RTN face buying ASAP.   Following is a repost of a 19Aug24 article on formal CCP policy of subsidizing over production then dumping it on foreign markets for the purpose of destroying competitive business /economies &/or swooping in to buy at fire sale prices.  CCP is then in control, just as they would be if/when the RTN is dependent upon them for logistics goodwill.  Thai decision makers - Wake the Hell Up.

 

China’s Not-So-Secret Economic Weapon (amac.us)  19Aug2024

A new report has provided compelling evidence that China’s excess manufacturing capacity – long considered a potential weakness by many Western economists – may in fact be a critical part of Beijing’s efforts to undermine the United States by decimating the American manufacturing sector.  As the Alliance for American Manufacturing (AAM) writes, “Overcapacity is a feature, not a bug, of China’s model of state capitalism.” While a production glut may be a serious problem in a free-market economy, Beijing’s willingness to heavily subsidize Chinese industry has allowed Chinese companies to continue pouring cheap goods into foreign markets – including using backdoors through countries like Vietnam and Mexico to skirt American tariffs.

The concept of the state using its control of markets to wield excess manufacturing output as an economic weapon against capitalist nations has a long history in communist thought. Mao Zedong, China’s first communist leader, was an avid proponent of the writings of early Soviet philosopher Lyubov Axelrod, who proposed that the oversupply of capitalist markets with cheaper products manufactured by the communist state-sponsored companies could undermine the power of Western capital.  But it was Mao’s successor, Deng Xiaoping, who strategically prepared Chinese industry to actually implement this goal – a goal that Xi Jinping has fully embraced.

This just an example of the 'gray zone' warfare the CCP has been waging for years. Nothing to investigate.