INHALT

Commission Implementing Regulation (EU) 2020/870 of 24 June 2020 imposing a definitive countervailing duty and definitively collecting the provisional countervailing duty imposed on imports of continuous filament glass fibre products originating in Egypt, and levying the definitive countervailing duty on the registered imports of continuous filament glass fibre products originating in Egypt

COMMISSION IMPLEMENTING REGULATION (EU) 2020/870
of 24 June 2020
imposing a definitive countervailing duty and definitively collecting the provisional countervailing duty imposed on imports of continuous filament glass fibre products originating in Egypt, and levying the definitive countervailing duty on the registered imports of continuous filament glass fibre products originating in Egypt
1.
PROCEDURE
1.1.
Initiation
1.2.
Provisional measures
1.3.
Subsequent procedure
1.4.
Final disclosure
1.5.
Investigation period and period considered
2.
PRODUCT CONCERNED AND LIKE PRODUCT
2.1.
Claims regarding the product scope
3.
SUBSIDISATION
3.1.
Subsidies and subsidy programmes within the scope of the current investigation
3.2.
The Suez Economic and Trade Cooperation Zone (‘SETC-zone’)
3.2.1.
Partial non-cooperation and use of facts available in relation to the SETC-Zone
3.2.1.1.
Application of the provisions of Article 28(1) of the basic Regulation in relation to the GOE
3.2.2.
Legal assessment
3.2.3.
Financial contribution of a government or a public body
3.2.4.
Benefit
3.2.5.
Specificity
3.2.6.
Conclusion
3.3.
Preferential financing
3.3.1.
Loans from policy banks to Jushi Egypt
3.3.1.1.
Partial non-cooperation and use of facts available
3.3.1.2.
EXIM and CDB bank
3.3.1.3.
State-owned banks acting as public bodies
3.3.1.4.
Conclusion on State owned financial institutions
3.3.1.5.
Entrustment or direction of private financial institutions
3.3.1.6.
Credit ratings
3.3.1.7.
Benefit and calculation of the subsidy amount
3.3.2.
Loans from policy banks to Jushi Egypt via the parent company Jushi in China
3.3.3.
Support for capital investment
3.3.3.1.
Legal basis
3.3.3.2.
Application of the provisions of Article 28(1) of the basic Regulation in relation to the Jushi group
3.3.3.3.
Findings of the investigation
3.3.3.4.
Benefit
3.3.3.5.
Calculation of the subsidy amount
3.3.3.6.
Comments on the support for capital investment
3.4.
Provision of goods for less than adequate remuneration
3.4.1.
Provision of power for less than adequate remuneration
3.4.2.
Provision of land for less than adequate remuneration
3.4.2.1.
Purchase of land by Jushi Egypt
(a) Legal basis
(b) Partial non-cooperation and use of facts available in relation to TEDA Investment Co. Ltd. – application of the provisions of Article 28(1) of the basic Regulation in relation to the GOE
(c) Findings of the investigation
(a) Conclusion
(b) Calculation of the subsidy amount
3.5.
Revenue foregone
3.5.1.
Revenue foregone through Direct Tax Exemption and Reduction programmes
3.5.2.
Revenue foregone through Indirect Tax and Import Tariff Programmes
3.5.2.1.
Value Added Tax (‘VAT’) exemptions and import tariff rebates for the use of imported equipment
(a) Findings of the investigation
(b) Calculation of the subsidy amount
3.5.2.2.
VAT exemptions and import tariff waivers for imported input materials used in exported finished goods
(a) Findings of the investigation
(b) Calculation of the subsidy amount
3.6.
Conclusion on subsidisation
4.
INJURY
4.1.
Definition of the Union industry and Union production
4.2.
Union consumption
4.3.
Imports from Egypt and price undercutting
4.4.
Economic situation of the Union industry
4.4.1.
General remarks
4.4.2.
Macroeconomic indicators
4.4.2.1.
Production capacity and capacity utilisation
4.4.2.2.
Sales volume and market share
4.4.2.3.
Employment and productivity
4.4.2.4.
Magnitude of the amount of countervailable subsidies and recovery from past subsidisation or dumping
4.4.3.
Microeconomic indicators
4.4.3.1.
Prices and factors affecting prices
4.4.3.2.
Labour costs
4.4.3.3.
Stocks
4.4.3.4.
Profitability, cash flow, investments, return on investments and ability to raise capital
4.4.4.
Conclusion on injury
5.
CAUSATION
5.1.
Effects of the subsidised imports from Egypt
5.2.
Other known factors
5.2.1.
Imports from third countries
5.2.2.
Export performance of the Union industry
5.3.
Conclusion on causation
6.
UNION INTEREST
6.1.
Interest of the Union industry
6.2.
Interest of unrelated importers
6.3.
Interest of users
6.4.
Trade distorting effects of subsidies and restoring effective competition
6.5.
Conclusion on Union interest
7.
RETROACTIVE LEVYING OF COUNTERVAILING DUTIES ON THE REGISTERED IMPORTS
8.
DEFINITIVE COUNTERVAILING MEASURES
8.1.
Level of countervailing measures
8.2.
Definitive measures
8.3.
Definitive collection of the provisional duties
Article 1
Article 2
Article 3
Article 4