EU to levy countervailing duty on Chinese coated paper

According to foreign media April 1, in a non-binding vote in Thursday, the vast majority of Member States voted to support the European Commission's decision to levy countervailing duties on high-grade coated paper in Europe.　　Last April the European Commission launched a formal investigation after European manufacturers complained that Chinese companies had received financing and factories at below-market prices. reported that the European Commission eventually agreed with European companies, proposed a 12% countervailing duty on imported paper. It also calls for a 8% levy on such "dumping".　　The case remains to be voted on, the first time the EU has levied countervailing duties on Chinese manufactured goods.　　China's biggest exporter of paper products, gold paper (China) Investment Co., said the correlation was unfair because the European Union, in assessing the complaint, took Taiwan's real estate prices as a measure of Chinese mainland prices. The company also noted that Chinese manufacturers were less than 5% per cent of the EU market and blamed the Commission for the simultaneous imposition of countervailing duties and anti-dumping duties as an actual repetition.