The Brazilian government began anti-dumping investigations on bus tires and truck tires in South Africa, Japan and Thailand a year ago. Today, the anti-dumping investigation will be extended for another six months until December this year.
Experts say that Brazil will inevitably impose a 52% anti-dumping duty on the above-mentioned tire exporting countries. After submitting an application last year on behalf of the Brazilian tire manufacturer Anip, the Brazilian government launched an anti-dumping investigation procedure for imported tires in many countries in June.
PwC trade expert George Geringer said on the 23rd that Brazil’s 52% tire anti-dumping duty seems inevitable. This tax sword refers to tire exporters in Russia, Thailand, South Korea, Taiwan, and Japan.
Allegations against South African tire manufacturers include dumping tires at a 52% discount. The normal price of tires was $6421 a ton, while the export price fell to $4,225 a ton.
To determine whether it constitutes dumping, it is determined by comparing the exporter’s domestic price with its export price. South Africa's Apollo Tire Company is on the verge of an anti-dumping investigation when it exports to Brazil. It is reported that Apollo Tire Company has cooperated with the Brazilian government to conduct a questionnaire survey and conducted relevant cooperation.
At present, Apollo is the only large South African tire company that exports tires to Brazil, so even if it is affected, it will not fundamentally shake the South African tire export industry.
According to the Brazilian anti-dumping documents, due to the lack of detailed price information on anti-dumping tires, Brazil will determine the price according to “estimated production cost, operating price, profit marginâ€.
According to CEOEtienneHuman of the South African Tire Manufacturers Conference, overall, South Africa’s tire exports have shown a downward trend in the past few years. Existing import tariffs and price competition have led to lower and lower export profits. Overall, South Africa’s 52% anti-dumping duty on foreign bus (truck) tires seems inevitable.
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