Peru INDECOPI overturns anti-dumping measures on Chinese clothing

According to a report in Peru’s “Business Daily” on June 4, the Peruvian National Institute of Competition and Intellectual Property (INDECOPI) overturned the anti-dumping measures against Chinese clothing. According to the report, a local law firm revealed that INDECOPI overturned the decision made on December 6, 2013 to impose anti-dumping duties on Chinese clothing. This decision involves 76 stakeholders, including importers and local manufacturers. Importers have the right to Request a refund of the levied taxes. INDECOPI’s decision a few days ago pointed out that the previous Dumping and Subsidy Review Committee of the bureau did not fully prove that the product under investigation competed in a unique market, nor did it correctly determine the similarity of domestic products with it. The Peruvian Industrial Association, which represents domestic industries, has previously expressed opposition to overturning anti-dumping measures. The association believes that the price of Chinese products is artificially low, even lower than the price of raw materials, hindering competition of local products, and therefore anti-dumping measures should be taken. The Peruvian Foreign Trade Association, which represents importers, supports the cancellation of anti-dumping measures because this measure is beneficial to local clothing manufacturers, but seriously harms the interests of consumers, making them unable to purchase low-priced clothing. Peru INDECOPI overturns anti-dumping measures against Chinese clothing