ARLINGTON, Va., May 19, 2015 /PRNewswire-USNewswire/ -- On May 1, the Chinese Ministry of Finance eliminated its 15 percent export duties on aluminum rods and bars (alloy and non-alloyed), and certain primary alloy.
The Aluminum Association believes that the elimination of these export duties is inconsistent with China's policy to discourage exports of energy-intensive products, a key element of the country's "new normal" that puts emphasis on sustainable, quality growth. The Association also sees this change as having the potential to encourage unfair trade practices in the aluminum industry.
We urge the Chinese government to maintain global trade practices and policies that ensure a level playing field so that all aluminum producers can compete fairly. The Aluminum Association will continue to monitor developments on this matter.
About the Aluminum Association
The Aluminum Association represents U.S. and foreign-based companies and their suppliers throughout the value chain, from primary production to value added products to recycling. The Association is the industry's leading voice, providing global standards, business intelligence. sustainability research and industry expertise to member companies, policymakers and the general public. The aluminum industry helps manufacturers produce sustainable and innovative products, including more fuel efficient vehicles, recyclable packaging, greener buildings and modern electronics. In the U.S., the aluminum industry creates $152 billion in economic activity. For more information visit www.Aluminum.org, on Twitter @AluminumNews or at Facebook.com/AluminumAssociation.
SOURCE The Aluminum Association