3:43:14 PM | 22/10/2007
European Union foreign ministers October 15 decided to prolong one year more anti-dumping duties of 66 per cent on bulbs originated from Vietnam aiming to prevent trade frauds of Chinese bulb makers, Vietnam News Agency reported Tuesday.
The decision came out after EC concluded an investigation. EU said on its web site that the move allows its companies to adjust to changing market conditions.
The delay appeared to be a compromise between UK Trade Commissioner Peter Mandelson and German Industry Commissioner Günter Verheugen.
Germany's national light-bulb manufacturer Osram, in particular, had been complaining that low-cost imports from China would cause large job losses in the EU's largest economy, the foreign website added.
To date, Vietnamese businesses have faced 23 antidumping lawsuits: ten from EU, three from Peru and Turkey for V belts, the ministry added. They lost most of the cases. (VNA)
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