EAEU introduces anti-dumping duty on aluminum tape from Azerbaijan

The Board of the Eurasian Economic Commission decided to introduce an anti-dumping measure against aluminum tape from Azerbaijan and China for a period of 5 years, Report says.

According to the Commission's materials, the anti-dumping duty will amount to 16.18% for deliveries of aluminum tape produced in Azerbaijan, and 13.14% – in China.

"It is expected that seven enterprises that are available free production capacities of the Eurasian Economic Union will fully meet the needs of the market when the level of competition is leveled due to the introduction of the measure," said Andrey Slepnev, a member of the Board, Minister in charge of Trade of the Eurasian Economic Commission (EEC).

Aluminum tape subject to anti-dumping duties is used, in particular, in the construction industry, in electrical engineering, and in the manufacture of refrigeration units, heat exchangers, radiators, blinds and corrugated sheets for floor coverings. The measure will not affect products intended for the production of aluminum cans.

The decision of the EEC Board will come into force after 30 calendar days from the date of its official publication.