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EU checks "market economy status" of Shanghai plastic bag companies
On August 25, EU officials conducted on-site inspections at five Chinese companies, including Shanghai Side Housewares Co., Ltd., as part of a broader investigation into the "market economy status" of these enterprises. This move marks a significant step in the EU's ongoing scrutiny of Chinese businesses, particularly those involved in the plastic bag industry.
The investigation was initiated by the European Union on June 30, targeting anti-dumping practices related to plastic bags produced in China. A total of 115 Chinese companies responded to the inquiry, making it the most widely participated case in the history of EU anti-dumping investigations against China. The EU has selected the top 10 exporting companies based on their trade volume and is conducting field verifications in two batches. The first batch includes five companies from Shanghai, Jiangsu, and Zhejiang provinces, with each inspection lasting approximately two days.
Currently, China is the largest supplier of plastic bags to the European Union. According to data from the Chinese side, the total value involved in this case exceeds 310 million U.S. dollars. Last year, many Chinese manufacturers faced high tariffs in similar anti-dumping cases, which significantly impacted their competitiveness. If these companies lose access to the EU market, thousands of small and medium-sized plastic bag producers in China could face severe financial difficulties, potentially leading to job losses and operational challenges across the sector.
This latest development highlights the growing tension between China and the EU over trade practices and underscores the importance of compliance with international trade regulations. As the verification process continues, the outcome will have far-reaching implications for both Chinese exporters and the European market.