Here's some good news for our European readers. The European Union has reportedly lifted a threat to impose tariffs on blank compact discs from China and Malaysia.
The EU closed an inquiry into whether Chinese and Malaysian exporters of recordable CDs sell in Europe below domestic prices or below the production cost, a practice known as dumping. Two weeks ago, the bloc ended an investigation into suspected dumping of recordable DVDs by Taiwan and China.
Punitive tariffs on blank CDs from China and Malaysia would "have substantial negative effects on importers, distributors, retailers and consumers," the EU said in a report endorsed in Luxembourg. China and Malaysia control about half the EU market for blank CDs, according to the bloc.
The EU also found that the anti-dumping duties would do little to help European manufacturers raise prices and profitability as they'd still be facing competition from countries like India. If you'd like to read more, the entire article can be found here.
