On September 10, 2010, the Ministry of Industry of Argentina issued a final anti-dumping decision regarding denim imports from China. The ruling determined that Chinese denim products were being sold at unfairly low prices in the Argentine market, which could potentially harm local producers. As a result, the government imposed a minimum FOB (Free On Board) price of $3.13 per square meter for all denim imports from China. Importers who declare a price lower than this threshold will be required to pay tariffs based on the reference price. This regulation is set to remain in effect for a period of five years.
The investigation into Chinese denim began earlier, on March 30, 2009, when Argentina initiated an anti-dumping probe against the product. The customs codes associated with the affected products included 5208.430, 5210.4910, 5209.4420, 5209.4290, 5212.1210, and 5211.4290. Following the investigation, the Ministry of Production of Argentina released its preliminary findings on November 9, 2009, and established an interim minimum FOB price of $3.13 per square meter. This measure was implemented on November 14, 2009, and initially applied for a period of four months before being extended as a final ruling.
This action by Argentina reflects a common practice among countries to protect domestic industries from what they perceive as unfair competition. By setting a minimum import price, the government aims to ensure that foreign goods are not sold at prices that could distort the local market. Such measures often trigger concerns from exporters, who may face increased costs or reduced competitiveness in key markets. However, from the perspective of the importing country, these actions are seen as necessary to maintain a level playing field and support local manufacturers.
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