China extends anti-subsidy rights on imported potato starch from the EU

Image result for potato starchThe Chinese Ministry of Commerce has decided to extend the anti-subsidy duties levied on imported potato starch from the EU for five more years, starting on Saturday. Potato starch imported from the EU is subject to anti-subsidy rights ranging from 7.5% to 12.4%, based on the Ministry’s decision announced on 17 September 2011. The latest decision came after a review launched a year ago concluded that China’s potato starch industry could be harmed if anti-dumping duties were dropped. Potato starch is widely used in the food industry. According to the Ministry of Commerce, China’s potato starch needs increased from 330,000 tonnes in 2012 to 400,000 tonnes in 2015. (Report in French by CRI Online)