EU imposes anti-dumping duties on optical fibre cables from China

EU imposes anti-dumping duties on optical fibre cables from China

Business news |
By Nick Flaherty

The European optical fibre cable industry plays a key role in the EU’s digital agenda, as optical fibres are a strategic element in the transition to advanced broadband telecommunication networks in homes and for business in the EU.

The duties imposed range from 19.7 percent to 44 percent on single mode, hybrid cables that combine fibre optic and copper cables.

The economic value of this industry is significant for the EU, with 5,000 employees and a yearly turnover of €1 billion. This includes global companies such as Nexans, Prysmian, Nestor Cables and Corning in Poland with customers such as Vodafone and Orange.

However the duties do not cover multimode optical fibre cables or cables for submarine use.

The Commission initiated the investigation in September 2020 following a complaint lodged by Europacable, who represented more than 25 percent of the total Union production of optical fibre cables. The complaint contained evidence of dumping and of resulting hit to their businesses from Chinese companies selling at over half the cost of producing the cables, or an average 123 percent dumping margin.

Other articles on eeNews Europe

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles