A person from the Fair Trade Department of the Department of Commerce of Shandong Province stated that due to the economic downturn, the trade remedy investigations initiated by the United States, the European Union and other advanced economies against China have the greatest impact on Shandong Province. Shandong Province’s products suffered 10 trade remedy investigations initiated by advanced economies such as the United States, the European Union, and Australia. The amount involved was 310 million U.S. dollars, accounting for 68.9% of the total amount involved. Among them, the EU was 230 million U.S. dollars, accounting for 51% of the total amount involved.
Of the products affected by trade in the first half of the year, the most dominant steel products and products, chemical products, and textile and apparel products in Shandong Province are the most concentrated. The total amount involved is 370 million U.S. dollars, accounting for 82.2% of all the cases involved.
It is worth noting that Latin American countries intensively initiated trade remedy investigations against China for the first time. In June alone, Shandong products suffered from anti-dumping investigations from Brazil, Argentina, Colombia, Peru, etc., which accounted for 66.7% of the June cases. Among them, Peru launched an anti-dumping investigation on my clothing and accessories, involving 276 products in China, which is unusual.
The Shandong Provincial Department of Commerce recently released the province's trade friction in the first half of the year. In January-June, Shandong Province suffered 25 foreign trade remedy investigations, including 18 anti-dumping cases, 4 countervailing measures, 1 safeguards, and 2 special safeguards; the amount involved was 450 million U.S. dollars, down 37.8% year-on-year; There were 378 companies involved, a decrease of 33.6%.
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