BRUSSELS (Reuters) -The European Commission launched on Wednesday an investigation into whether anti-dumping measures are needed on imports of tyres for passenger cars and light lorries from China,
EU Investigates Potential Anti-Dumping Measures on Chinese Tyres
BRUSSELS (Reuters) -The European Commission launched on Wednesday an investigation into whether anti-dumping measures are needed on imports of tyres for passenger cars and light lorries from China, following a complaint from the EU tyre industry.
"If the investigation confirms that the EU tyre industry suffers from injury or threat of injury because of dumped imports from China, the Commission may impose anti-dumping duties on imports if these are found to be in the interest of the EU," said the Commission in a statement.
"The investigation shall be concluded within 14 months of its launch. Provisional anti-dumping measures may be imposed within eight months if dumping and consequent injury have been provisionally established," it added.
The EU already currently has anti-dumping and anti-subsidy measures on imports of tyres for buses and lorries from China.
The EU market for tyres for passenger cars and light lorries is estimated to have had a value of more than 18 billion euros ($20.41 billion) in 2024.
($1 = 0.8821 euros)
(Reporting by Sudip Kar-Gupta; Editing by Benoit Van Overstraeten)
