The Ministry of Economy has warned that the import of Chinese tires will threaten the national production

The Ministry of Economy determined that there is a threat of harm against National Tire Manufacturers For cars and trucks, hence the investigation against the import of this product will continue China.

Bridgestone de México, Compañía Hulera Tornel, Continental Tire de México, Michelin Industries and the National Chamber of the Rubber Industry requested the agency to open an investigation on November 30, 2022. Unfair International Trade Practices Price discrimination in its form.

For this reason, on April 5, 2023, the Ministry of Economy announced the initiation of the anti-import investigation procedure. Pneumatic tires New radial construction for cars and trucks with 13 to 22 inch bore diameters from China.

read more: Aim to eliminate IFT against T-MEC, says EU; It is a barrier to trade

A year after the initiation of the investigation, the Confederation in the Official Gazette decided that reparative duties would not be imposed provisionally, but that there was a risk of damage to national production.

“Investigation proceeding regarding unfair international trade practices in the form of price discrimination without imposition of provisional countervailing quota on imports of new pneumatic tires of radial construction for automobiles and trucks continues…” the agency explained.

However, “the Secretariat reached a positive preliminary determination regarding the risk of injury to the domestic industry.”

read more: IMSS reported that 465 formal jobs were lost due to Easter in March

According to the Ministry of Economy, tire imports from China account for 6% of the total national market, which is “not significant.” However, imported tires were found to be entering with price discrimination.

See also  Peru says 2024 will be the year its country's economy restarts

“Imports of the products under investigation were made at price discrimination of $3.18 per piece for Shandong Linglong Tire, $1.66 per piece for Shandong Changfeng Tires and $6.28 per piece for Wanli Tire.

4.16 Years of Real Deal, Zhongyi Rubber, Shandong Fengyuan Tire Manufacturing, Shouguang Firemax Tire, Qingdao Nexen Tire Corporation, Prinx Chengshan (Shandong) Tire, Giti Tire (Fujian), Yuanxin New Contin Tire, Shandongin Tire, Shandong Yongfeng Tires, Giti Radial Tire (Anhui), Shaanxi Yanchang Petroleum Group, Shandong Yongsheng Rubber Group, Kenda Rubber (China), Shandong Wanda Boto Tire, Tercelo Tire, Sichuan Tire & Rubber, Anhui Zhichi Tire, Shang Dunglu, Triangle Tire, Chongqing Hankook Tire, Jiangsu Hankook Tire, Shandong Province Shanli Tire Manufacturing, Qingzhou Rydans Rubber, Qingdao Doublestar Tire Industrial, Kenda Rubber (Tianjin) Shan Dong Dai Daiho Tire China Doso Doroso Deiro Deo Doo Tire China Doroso Doo Tire China Doroso Doo Tire China Yeosu Tire, Zhaoqing Junhong, Shandong Huahua Tire and Las Temas Empresas Exportoras”.

The company said, “The imports investigated have increased Absolute and relative terms. During the analyzed period, they registered a growth of 61%: 29% for the period July 2019-June 2020 to July 2020-June 2021 and 25% during the period under review with respect to the previous comparable period. Increase their participation in total imports from a contribution of 43% during July 2019 to June 2020.




Join our channel

EL UNIVERSAL is now on Whatsapp! Find the day's most relevant news, opinion pieces, entertainment, trends and more from your mobile device.

sp/apr

Read more

Local News