Intermediate Reevaluation on Ethanolamine
Year:2008 ISSUE:6
COLUMN:M & A, BUSINESS & TRADE
Click:189    DateTime:Nov.18,2008
Intermediate Reevaluation on Ethanolamine      

On January 31st, the Ministry of Commerce (MOC) announced that starting from February 1st, 2008 when importing monoethanolamine and diethanolamine (HS codes: 29221100 and 29221200) originated from Taiwan Oriental Union Chemical Corporation and Nippon Shokubai Co., Ltd., importers should pay tariffs at a rate of 5.3% and 7.3%.
   Beginning November 14th, 2004 MOC ordered to impose 9%-74% antidumping tax on ethanolamine originated from Japan, the United States, Iran, Malaysia, Taiwan province and Mexico. The antidumping tax rate was 20% for Taiwan Oriental Union Chemical Corporation and 75% for Japanese companies. (CCR2004 No. 33)
   On December 6th, 2006 Taiwan Oriental Union Chemical Corporation submitted an application to MOC for intermediate reevaluation.
   On December 14th, 2006 Nippon Shokubai Co., Ltd. submitted an application to MOC for reevaluation.