China:Victory on Bearing Antidumping Enabled Hailing Earned More Foreign Exchange

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Jan 12,2004

The victory on antidumping leveled the road of foreign trade to America for Tianshui Hailin Bearing Factory. In 2003,its capacity to earn foreign exchange through export has reached $10 million. Tianshui Hailin Bearing Factory is large-scale backbone bearing enterprise of China. By developing high-tech and high precision products, by now , its products has been sold well to America, Europe, South America and Southeast Asia etc. It has learned that, as the leading products-tapered roller bearing, both production and marketing are thriving. America is its main export market. After being charged to dump on tapered roller bearing by America, which restricted its output. For the long-term development, the enterprise decided to responded quickly to the charge and won zero tax rate in 1995 and 1996. From 1999, after hard work of lawyers and enterprise, it won the victory of antidumping continually for 3 years. Also it has been rescinded the antidumping charge on tapered roller bearing for ever by Commercial Affairs Dept. of America in 2002. The lawsuit raised its popularity, which brought good chance of forging trade. The export value of 1st quarter raised 40% compared with 2002.

(www.cnbearing,com)

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