The combined duties range from 16.1% to 46.7%.
Aluminium converter foil is an important commodity on the EU market with a market value of € 630 million. The aluminium converter foil industry is an essential partner, notably for manufacturers of electric car batteries and the EU packaging industry. The tariffs will help defend EU companies and workers in this sector: imports of aluminium converter foil from China will no longer enjoy an unfair advantage over the Union's industry and will compete on an equal footing.
The investigation confirmed the existence of countervailing subsidies, notably preferential financing and the provision of land for less than adequate remuneration. Dumped and subsidised imports caused a loss of market share and a significant reduction in profitability for EU producers.
The Commission will use all tools at its disposal to counter trade-distortive practices that hurt the Union‘s manufacturing industry.
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- 22 gruodis 2021
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