China's largest enterprises BBCA Biochemical 40% citric acid product exports to the EU, 42.2 percent will be levied anti-dumping duties ["Financial Network" Roundup] After a year of investigation, the European Commission decided on Chinese citric acid enterprises provisional anti-dumping duties, which will directly affect China's largest producers of citric acid in Anhui BBCA Biochemical Co., Ltd. (Shenzhen Stock Exchange code: 000930, hereinafter referred to BBCA Biochemical), 40% of the company's product exports to the EU. Provisional anti-dumping tax rate of 38.8 to 49.3% (former EU production of citric acid and its salts China import tariff rate of 6.5%), of which the tax rate of 42.2% for BBCA Biochemical. Since June 3, 2008 levy, tax period of six months. December 2008, the European Commission will make a Chinese anti-dumping investigations citric final. September 4, 2007, the European Commission against Chinese exporters of citric acid to Europe to carry out anti-dumping investigations during the investigation for the July 1, 2006 to June 30, 2007, when the BBCA Biochemical is China's main exports to the EU citric acid enterprises. During the EU investigation, BBCA Biochemical had actively responding to anti-dumping cases. China is the world's largest producer of citric acid, with a total production capacity of about 500,000 tons. The BBCA Biochemical is China's largest manufacturer of citric acid, citric acid production capacity 220,000 tons / year, ranking first in Asia. Most of its products are exported to foreign countries, the United States, Europe is a major exporter. BBCA Biochemical said the EU companies to impose provisional anti-dumping duties, the company will citric acid and its salts export products to the EU has brought uncertainty. According to China Customs information, made in China in recent years has become a foreign anti-dumping citric hardest hit, the United States, Thailand, Ukraine, India, South Africa and other countries have on Chinese citric acid anti-dumping investigation, after the Chinese enterprises are mostly anti-dumping duties. September 16, 2014, India's imports of sodium citrate to make the final ruling safeguards: a significant increase in imports of Sodium Citrate survey of India, the domestic industry suffered serious damage, and there is a causal relationship between the two, it is recommended Sodium citrate import levy on a three-year safeguard duty, in the first year was 55%, 50% the second year, 40% the third year. The measure does not include other developing countries except for China. The products involved customs codes for 29,181,520. March 2014, India imported sodium citrate safeguards investigation. With regard to China's anti-dumping citric, our solutions are: First we transport goods to a third country (such as Malaysia, Thailand, etc.), the third country after the goods arrive, we arrange clearance, for cabinets, a full set of documents issued by third countries ( such as a certificate of origin, packing lists, INV, bills of lading, etc.), and then re-exported to the EU, EU clearance goods arrive with the full set of documents in third countries. Such high anti-dumping duties can be effectively avoided, and this is what we said entrepot trade, with the approval of domestic and foreign customers agree that we can begin to operate.