Posted by: mel | January 4, 2010

China to charge deposit on Thai, Indonesia additive exports

Reuters | Beijing | 4 January 2010

China will impose a deposit on exports to China from some Thai and Indonesian companies, including PT. Cheil Jedang Indonesia and Ajinomoto Co. (Thailand) Ltd, over suspected dumping of food additives in the Chinese market, the Commerce Ministry said.

The deposit would be charged at percentage ranging from 6.5 to 29.7 percent based on the export value of the additives, which were used to enhance food flavour, the ministry said on its website (www.mofcom.gov.cn) on Monday.

It said an initial investigation found companies, also including PT. Kirin Miwon Foods in Indonesia, had been dumping the additives in China, hurting the interests of Chinese manufacturers.

The ministry said it launched the investigation on March 24, 2009, and a final decision would be made within a year. If the final decision failed to establish a case for dumping, the deposits would be returned. (Reporting by Niu Shuping and Tom Miles; Editing by Chris Lewis)

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