The China gang has produced an ungrateful wolf!
Saudi Arabia announced,
On October 9, Saudi Arabia's General Administration of Foreign Trade issued a paper announcement, referring directly to Chinese goods - the official anti-dumping measure on the aluminum covers of beverages originating in China, the red bull, coke, bubble water is the most commonly used small size covers!
However, what people didn't expect was that the dumping investigation period was locked in for the whole year of 2024, but the damage traceability was pulled back to the beginning of 2021 in one go. The four-year data was available in one pot, and the intention was obvious, that is, to calculate the general ledger. As soon as this news came out, many netizens called it outrageous. We have always had a good relationship with Saudi Arabia, so why did it suddenly target us?
The reason why this survey attracts attention is that the increasingly close economic and trade cooperation between China and Saudi Arabia in recent years has formed a sharp contrast. Bilateral trade volume has exceeded 100 billion U.S. dollars every year. In 2024, China's investment in Saudi Arabia will increase by 36%.
In May this year, China's Minister of Commerce Wang Wentao and Saudi Investment Minister Falih jointly chaired the fifth meeting of the Trade, Investment and Science and Technology Subcommittee of the China-Saudi Arabia High-Level Joint Committee, building an important platform for bilateral cooperation and exchanges.
This background of high-level mutual trust and strategic cooperation forms an intriguing contrast with the small actions of this anti-dumping investigation.
Saudi Arabia’s trade protection strategy demonstrates a high level of strategic and balanced sense, with a commitment to preventing external economic risks on the one hand and a focus onining relations with key trading partners on the other.
Although Saudi Arabia is open and welcoming to China companies and their technology funds, the government will also take timely intervention measures on the premise of ensuring the healthy development of domestic industries and public interests.
From a historical perspective, Saudi Arabia has previously launched anti-dumping investigations on a number of products from China, including stainless steel vertical welded circular tubes, PVC coated textiles, manganese formaldehyde (SNF), ceramic bathing supplies and so on.
The investigation into the aluminum cover of the IRA tank is the latest in this series of trade protection measures.
Saudi Arabia's trade protection strategy actually goes far beyond anti-dumping, but also covers a series of foreign investment policies and regulations aimed at promoting the growth of local industries.
These measures include requiring foreign-funded companies to operate on the market through local agents, strict capital and investment thresholds, and the proportion of employees to be localized.
The current global trade pattern is undergoing profound changes. The United States launched tariff wars and trade wars all over the world, which is typical of unilateralism, protectionism and economic bullying. Under this background, the trade policies of various countries tend to be conservative, and anti-dumping measures have become a common tool.
The countermeasures implemented by China are absolutely nonexistent.This move is not only to defend its legitimate rights and interests, but also to safeguard international rules and order.
China actively expands its economic and trade relations with other countries in the world and is a major trading partner of more than 150 countries and regions.
China has accumulated extensive experience in anti-dumping investigation procedures.
According to the provisions of the Ministry of Commerce of China, a complete anti-dumping investigation covers multiple aspects. First, the domestic industry submitted the application, and then the case was filed, and after the questionnaire was investigated, the preliminary decision was passed and the final decision was reached.
Within 60 days from the date of receipt of the application and evidence materials, the investigation organ needs to review the application and decide whether to file a case.
This seemingly professional anti-dumping investigation reflects Saudi Arabia's contradictory mentality during the economic transition period.
Saudi Arabia is actively pursuing the “Vision 2030” and is making every effort to promote economic transformation, aiming to reduce excessive reliance on the oil economy and open up a new path to multi-economic development.
They hope to leverage Chinese capital and technology, but they are worried that the domestic market will be occupied by foreign products. For Chinese enterprises, this survey is a warning. In the Saudi market, opportunities and challenges coexist.
On the one hand, the Saudi market shows strong demand for Chinese products, injecting vitality into bilateral trade; on the other hand, the Saudi government will also use trade relief measures to protect the domestic industry.
If the investigation finally determines that China products are dumped and thus causes damage to Saudi domestic industries, Saudi Arabia may impose high anti-dumping duties on relevant products. Similar cases are not uncommon in international trade.
For example, in 2020, Lebanon imposed a three-year anti-dumping duty on relevant aluminum-shaped products originating in China, the United Arab Emirates, Egypt and Saudi Arabia.
You may be drinking a can of Coke in front of the screen of your mobile phone. That little bottle cap has now become one of the focuses of international trade wars. Behind Saudi Arabia's choice is the game between national interests and globalization, and it is a realistic consideration of industrial protection under the "Vision 2030".
In the coming months, this trade investigation on bottle covers will be gradually launched.
As for the outcome, China, as an important defender of the global trade system, will continue to work with other countries to oppose unilateralism and protectionism and to inject certainty into the uncertainty of the global economy.
And that small IRA tank aluminum cover has shown us that there are no eternal friends in international trade, only eternal interests.
Reference: Saudi China Business Council Chairman: China leads the technological development of Saudi China cooperation prospects are broad.
Saudi Arabia announced,
On October 9, Saudi Arabia's General Administration of Foreign Trade issued a paper announcement, referring directly to Chinese goods - the official anti-dumping measure on the aluminum covers of beverages originating in China, the red bull, coke, bubble water is the most commonly used small size covers!
However, what people didn't expect was that the dumping investigation period was locked in for the whole year of 2024, but the damage traceability was pulled back to the beginning of 2021 in one go. The four-year data was available in one pot, and the intention was obvious, that is, to calculate the general ledger. As soon as this news came out, many netizens called it outrageous. We have always had a good relationship with Saudi Arabia, so why did it suddenly target us?
The reason why this survey attracts attention is that the increasingly close economic and trade cooperation between China and Saudi Arabia in recent years has formed a sharp contrast. Bilateral trade volume has exceeded 100 billion U.S. dollars every year. In 2024, China's investment in Saudi Arabia will increase by 36%.
In May this year, China's Minister of Commerce Wang Wentao and Saudi Investment Minister Falih jointly chaired the fifth meeting of the Trade, Investment and Science and Technology Subcommittee of the China-Saudi Arabia High-Level Joint Committee, building an important platform for bilateral cooperation and exchanges.
This background of high-level mutual trust and strategic cooperation forms an intriguing contrast with the small actions of this anti-dumping investigation.
Saudi Arabia’s trade protection strategy demonstrates a high level of strategic and balanced sense, with a commitment to preventing external economic risks on the one hand and a focus onining relations with key trading partners on the other.
Although Saudi Arabia is open and welcoming to China companies and their technology funds, the government will also take timely intervention measures on the premise of ensuring the healthy development of domestic industries and public interests.
From a historical perspective, Saudi Arabia has previously launched anti-dumping investigations on a number of products from China, including stainless steel vertical welded circular tubes, PVC coated textiles, manganese formaldehyde (SNF), ceramic bathing supplies and so on.
The investigation into the aluminum cover of the IRA tank is the latest in this series of trade protection measures.
Saudi Arabia's trade protection strategy actually goes far beyond anti-dumping, but also covers a series of foreign investment policies and regulations aimed at promoting the growth of local industries.
These measures include requiring foreign-funded companies to operate on the market through local agents, strict capital and investment thresholds, and the proportion of employees to be localized.
The current global trade pattern is undergoing profound changes. The United States launched tariff wars and trade wars all over the world, which is typical of unilateralism, protectionism and economic bullying. Under this background, the trade policies of various countries tend to be conservative, and anti-dumping measures have become a common tool.
The countermeasures implemented by China are absolutely nonexistent.This move is not only to defend its legitimate rights and interests, but also to safeguard international rules and order.
China actively expands its economic and trade relations with other countries in the world and is a major trading partner of more than 150 countries and regions.
China has accumulated extensive experience in anti-dumping investigation procedures.
According to the provisions of the Ministry of Commerce of China, a complete anti-dumping investigation covers multiple aspects. First, the domestic industry submitted the application, and then the case was filed, and after the questionnaire was investigated, the preliminary decision was passed and the final decision was reached.
Within 60 days from the date of receipt of the application and evidence materials, the investigation organ needs to review the application and decide whether to file a case.
This seemingly professional anti-dumping investigation reflects Saudi Arabia's contradictory mentality during the economic transition period.
Saudi Arabia is actively pursuing the “Vision 2030” and is making every effort to promote economic transformation, aiming to reduce excessive reliance on the oil economy and open up a new path to multi-economic development.
They hope to leverage Chinese capital and technology, but they are worried that the domestic market will be occupied by foreign products. For Chinese enterprises, this survey is a warning. In the Saudi market, opportunities and challenges coexist.
On the one hand, the Saudi market shows strong demand for Chinese products, injecting vitality into bilateral trade; on the other hand, the Saudi government will also use trade relief measures to protect the domestic industry.
If the investigation finally determines that China products are dumped and thus causes damage to Saudi domestic industries, Saudi Arabia may impose high anti-dumping duties on relevant products. Similar cases are not uncommon in international trade.
For example, in 2020, Lebanon imposed a three-year anti-dumping duty on relevant aluminum-shaped products originating in China, the United Arab Emirates, Egypt and Saudi Arabia.
You may be drinking a can of Coke in front of the screen of your mobile phone. That little bottle cap has now become one of the focuses of international trade wars. Behind Saudi Arabia's choice is the game between national interests and globalization, and it is a realistic consideration of industrial protection under the "Vision 2030".
In the coming months, this trade investigation on bottle covers will be gradually launched.
As for the outcome, China, as an important defender of the global trade system, will continue to work with other countries to oppose unilateralism and protectionism and to inject certainty into the uncertainty of the global economy.
And that small IRA tank aluminum cover has shown us that there are no eternal friends in international trade, only eternal interests.
Reference: Saudi China Business Council Chairman: China leads the technological development of Saudi China cooperation prospects are broad.