SATMC welcomes preliminary tyre dumping determination

The South African Tyre Manufacturers Conference (SATMC) has welcomed the International Trade Administration Commission’s (ITAC) publication of provisional payments on “unfairly traded (dumped) imports of passenger, truck and bus tyres imported from China”. Provisional payments in place for a period of six months amount to 38.33 per cent ad valorem. The six-month period runs from 9 September 2022 until 8 March 2023.

SATMC, which applied to ITAC for relief against dumped imports from China in late 2021, believes that these provisional payments will address the issue of unfairly traded tyres from China that over many years have caused the SACU tyre industry to suffer material injury that placed the tyre industry’s future, investment opportunities, as well as direct and indirect job creation, at risk.

“Fairly traded imports at prevailing prices from countries other than China, such as Korea and Japan, will continue unaffected into SACU”, the associated added, continuing: “SATMC wishes to stress that the investigation that was initiated on 31 January 2022 is still ongoing. Only the Preliminary Phase of the investigation has been concluded and resulted in the provisional payments.

The ITAC investigation will now continue with its Final Investigation Phase. This will be followed by ITAC’s Final Determination that must be published by, or before, 31 July 2023.