Corning Incorporated announced 3 January 2005 that on Saturday, 1 January 2005 it received a positive final determination from the Ministry of Commerce (MOC) of the People“s Republic of China, affirm…
Corning Incorporated announced 3 January 2005 that on Saturday, 1 January 2005 it received a positive final determination from the Ministry of Commerce (MOC) of the People“s Republic of China, affirming the company“s original position that it had not dumped standard single-mode optical fiber into the Chinese market. The MOC“s final determination concluded that Corning had not dumped standard single-mode optical fiber into the Chinese market since the margin between its home country pricing and its pricing into China was less than the statutory de minimis threshold. The ministry thereby eliminated its preliminary determination (in effect since 16 June 2004) of a 16% dumping margin, meaning that no dumping margin would be applied against Corning imports, with immediate effect. China“s MOC also ruled that optical fiber imports from the United States, Korea and Japan collectively caused injury to the domestic Chinese fiber industry. As a consequence of this injury finding, individual dumping margins have been assigned to specific companies from these countries found guilty of dumping optical fiber by the Chinese MOC. However, in Corning“s case, no dumping margin was found. “We are very pleased with the MOC“s final determination with regard to Corning. We have a tremendous amount of respect for the MOC and the process they followed to reach their final decision. We thank the Chinese government for bringing this matter to a final resolution,” said Robert B. Brown, senior vice president and general manager of Corning Optical Fiber. China“s MOC initiated its anti-dumping investigation on 1 July 2003 against certain standard single-mode optical fiber products originating from the United States, Japan and Korea, alleging that foreign products were being imported and sold at lower prices than the market conditions justified, and that Chinese domestic producers were injured as a result. The investigation was based on a complaint filed by two Chinese fiber manufacturers against several optical fiber producers.