Russian media recently reported that the Eurasian Economic Commission began the sixth anti-dumping investigation against certain Chinese products during the year. This time, the car tires are aimed at.
According to preliminary calculations by the Eurasian Economic Committee, the Chinese tire manufacturers’ prices in the domestic market are one-third higher than the prices on the Russian market, resulting in losses for Russian tire manufacturers. Experts believe that anti-dumping investigations against certain Chinese commodities will not affect the increasingly close trade relations between the two countries.
A few days ago, the Eurasian Economic Commission launched a truck-to-China truck launch on complaints from six Russian and Belarusian customs unions in Yaroslav tire factories in Russia, Kashmir tire factory in Russia, and Belarus tire factory in Belarus. Anti-dumping investigation of tires.
According to relevant data, the production of automobile tires in six Russian-Kazakhstan customs unions, such as the Yaroslav tire factory in Russia and the Belarusian tire factory, accounted for 87.5% of the market share in 2011-2013, so the tire manufacturing industry is Russian-Kazakhstan. The important economic areas of the customs allies.
The anti-dumping investigations of relevant Russian departments will involve tires for trucks, buses, trolley buses, dump trucks and trailers. The data shows that the market share of truck tires in 2013 was 11% (6.33 million).
According to the European Economic Commission, between 2011 and 2013, the number of truck tire imports increased by 29.8%, and the number of truck tires imported from China increased by 36.3%. At the same time, the share of tires produced by automobile tire manufacturers within the Russian-Kerean-Kazakh customs union fell to 11.1 percent.
In 2013, truck tires imported from China accounted for 64% of the total. The value of imports reached US$495 million, which accounted for 23% of the Russian market. According to preliminary estimates by the Eurasian Economic Commission, the dumping margin of Chinese tires reached 198%. The Eurasian Economic Commission pointed out that as a result, in order to compete with Chinese tire manufacturers, auto tire manufacturers in the Russian-Kazakhstan Customs Union had to reduce their prices to respond, resulting in a loss in 2013. According to Russian accounting standards, a major Russian truck tire manufacturer had a net loss of 47.8 million rubles. In 2012, it earned a profit of 119.4 million rubles.
In the first half of 2014, Russia's Yaroslav tire factory made a net loss of 583 million rubles according to Russian accounting standards. In the meantime, Russia’s Kamcsk tire factory had a net loss of 72.5 million rubles according to Russian accounting standards. In the first half of 2013, the plant had a profit of 124 million rubles.
The new anti-dumping investigation initiated by the relevant Russian authorities happened just after the meeting of the Russian-Chinese Inter-governmental Committee led by Russia's First Deputy Prime Minister Shuvalov. The Russian government is now opening up markets for Chinese investments in various industries and proposes to actively invest in the Russian economy. However, on the one hand, the Russian government actively invited Chinese companies to invest in Russia, while on the other hand, Russian domestic manufacturers constantly complained that imported goods from China occupied their former markets.
Now, in addition to truck tires, the European Economic Commission is conducting five investigations on China's bulldozers, aggregate coated metal rolling, oil and gas pipes, and so on.
Russian experts pointed out that despite the continuous strengthening of economic cooperation between Russia and China, new anti-dumping investigations are also possible. As Russia and Belarus are very close, but there are many trade disputes, it is normal. Although both Russia and China have joined the WTO, these issues can be resolved at the level of two countries.
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