U.S. launches anti-dumping investigation against Chinese MSG

, Oct25 (Xinhua) -- The U.SCommerce Department announced Thursday that it will launch an anti-dumping and countervailing investigation into MSG imports from China and Indonesia, and the U.Sgovernment will impose punitive tariffs on MSG exported to the U.SmarketPlum Group (600873SH) Secretary Yang Huixing told the Big Wisdom News Agency on Friday that the company is currently respondingHP4
The U.SCommerce Department said the investigation was launched in response to a complaint from Japan's Flavor North AmericanThe company claims that THE DUMPing of MSG exports from China and Indonesia to the United States ranged by 64.77 per cent to 204.69 per cent and 50.32 per cent to 58.67 per cent, respectively, with subsidies of more than 2 per centHP4
If the U.SDepartment of Commerce ultimately rules that CHINESE and Indonesian MSG companies dump edpropriated u.Sproducts or receive improper subsidies from the government, and the U.S International Trade Commission rules that the U.S MSG industry is harmed, then the U.S could impose punitive tariffs on MSG products from China and Indonesia HP4
　　Yang Huixing pointed out that China's annual PRODUCTION of MSG is about 2 million tons, of which in previous years about 200,000 tons a year exported to the world, last year slightly more Meihua Group exports about 100,000 tons of MSG to the world each year, of which only about 20,000 tons are exported to the United States He also said that customers who export to the U.S are mainly big customers such as Nestle and Unilever, and that MSG accounts for a low proportion of product costs, so price sensitivity is low, and these customers can also be purchased through Chinese mainland companies In his view, tariffs have little impact on MSG exports HP4
　　The big wisdom news agency called Lotus MSG (600186.SH), another MSG producer, to comment on the anti-dumping investigation, citing Mr Dong's travel HP4
　　According to the 2013 semi-annual report, Lotus MSG export business achieved revenue of 306 million yuan, accounting for 27.71 percent of total revenue of 1.140 billion yuan In terms of revenue growth, export revenue increased 18.84 percent year-on-year, while domestic business fell 22.61 percent year-on-year HP4
　　According to the U.S Commerce Department, U.S imports of MSG from China and Indonesia last year totaled $36.9 million and $5.7 million, respectively HP4
　　The U.S International Trade Commission is expected to make a preliminary ruling around November 18 If the committee finds that MSG imports from China and Indonesia cause substantial damage to U.S.-related industries, the U.S Commerce Department will continue its investigation and plans to make preliminary rulings on countervailing duties and anti-dumping duties in December and March next year, respectively HP4 Great Wisdom Asdak News Agency, October 25 (Xinhua) -- The U.S Department of Commerce announced Thursday that it has launched an anti-dumping and countervailing investigation into MSG imports from China and Indonesia, and the U.S government has imposed punitive tariffs on MSG exported to the U.S market Plum Group (600873 SH) Secretary Yang Huixing told the Big Wisdom News Agency on Friday that the company is currently responding HP4
　　The U.S Commerce Department said the investigation was launched in response to a complaint from Japan's Flavor North American The company claims that THE DUMPing of MSG exports from China and Indonesia to the United States ranged by 64.77 per cent to 204.69 per cent and 50.32 per cent to 58.67 per cent, respectively, with subsidies of more than 2 per cent HP4
　　If the U.S Department of Commerce ultimately rules that CHINESE and Indonesian MSG companies dump edpropriated u.S products or receive improper subsidies from the government, and the U.S International Trade Commission rules that the U.S MSG industry is harmed, then the U.S could impose punitive tariffs on MSG products from China and Indonesia HP4
　　Yang Huixing pointed out that China's annual PRODUCTION of MSG is about 2 million tons, of which in previous years about 200,000 tons a year exported to the world, last year slightly more Meihua Group exports about 100,000 tons of MSG to the world each year, of which only about 20,000 tons are exported to the United States He also said that customers who export to the U.S are mainly big customers such as Nestle and Unilever, and that MSG accounts for a low proportion of product costs, so price sensitivity is low, and these customers can also be purchased through Chinese mainland companies In his view, tariffs have little impact on MSG exports HP4
　　The big wisdom news agency called Lotus MSG (600186.SH), another MSG producer, to comment on the anti-dumping investigation, citing Mr Dong's travel HP4
　　According to the 2013 semi-annual report, Lotus MSG export business achieved revenue of 306 million yuan, accounting for 27.71 percent of total revenue of 1.140 billion yuan In terms of revenue growth, export revenue increased 18.84 percent year-on-year, while domestic business fell 22.61 percent year-on-year HP4
　　According to the U.S Commerce Department, U.S imports of MSG from China and Indonesia last year totaled $36.9 million and $5.7 million, respectively HP4
　　The U.S International Trade Commission is expected to make a preliminary ruling around November 18 If the committee finds that MSG imports from China and Indonesia cause substantial damage to U.S.-related industries, the U.S Commerce Department will continue its investigation and plans to make preliminary rulings on countervailing duties and anti-dumping duties in December and March next year, respectively HP4