The Eurasian Economic Commission's Board has decided to impose an anti-dumping duty on steel gate valves from the People's Republic of China. The anti-dumping measure will be valid for five years, and the duty amount will be 25.57-36.23% of the customs value, depending on the manufacturer.
The decision was adopted following an anti-dumping investigation initiated by the EEC Department for Internal Market Defense on June 23, 2021 at the request of the EAEU manufacturers of goods: Blagoveshchensk Valves Plant JSC and Gusevsky Valves Plant Gusar LLC with the support of Murom Industrial Valves Plant LLC.
The object of the investigation was steel wedge gate valves with a nominal diameter of 50 to 1000 mm and a pressure of 16 to 250 kgf/cm2, related to pipeline fittings. Such valves are used to block the flow of gaseous or liquid fluids in pipelines of various pressures, including oil and gas pipelines.
Along with that, the anti-dumping duty will not be paid by the Chinese company Neway Valve (Suzhou) Co. Ltd., which has assumed price obligations, if there are relevant supporting documents, the EEC Trade Unit emphasized.
The decision shall come into effect after 30 calendar days have elapsed from the date of its official publication.