The European Commission has imposed anti-dumping duties ranging between 19.7 per cent and 44 per cent on imports of optical fibre cables from China.
The strongly subsidised Chinese optical fibre cable industry has benefitted from an unfair competitive advantage, allowing it to increase significantly exports to the EU at heavily undercut prices during recent years, according to industry watchers. A host of countries have been levied anti-dumping duties in some form or the other.
Recently, India imposed anti-dumping duty on steel and fibreglass from China. Similarly, Australia imposed remedial duties on Chinese wind towers, train wheels, and stainless steel sinks.
China imposed similar duties on Australian wine. All of these subsidies have been challenged before the WTO, but the barley dispute is the first to be impaneled by the WTO. Prysmian Group, a leading provider of energy and telecom cable systems has welcomed the European Commission’s decision to impose anti-dumping duties on imports of optical fibre cables from China.
Philippe Vanhille, EVP Telecom Division at Prysmian Group commented: “We welcome today’s European Commission’s decision and it is reassuring to see that Europe is able to strongly act against unfair practices. Fair competition must be ensured in the interest of our customers and stakeholders, to guarantee a sustainable availability of quality components for the construction of the European optical infrastructure.”
Prysmian is listed on the Italian Stock Exchange in the FTSE MIB index and manufactures cables and accessories for voice, video and data transmission, offering a range of optical fibres, optical and copper cables and connectivity systems. With almost 140 years of experience, sales of over €10 billion, about 30,096 employees in over 50 countries and 104 plants, the Group is strongly positioned in high-tech markets and offers the widest possible range of products, services, technologies and know-how.
Vanhille added that it is fundamental to maintain high quality standards in the optical fibre segment, in order to ensure faster, more stable optical networks, cost-effective and environmentally-friendly installations with lower operating costs and an increased network lifespan. Only by doing this will we be able to guarantee that the integrity of the network infrastructure is secured, stability is increased across all bands, and possibilities are opened up for system evolution, he said.
As a global leader in the industry, the Prysmian Group is strongly focused on the quality needed to deploy a truly future-proof telecom infrastructure that can keep up with new technologies. Protecting their products with patents and trademarks is therefore a key part of the Group’s activities, and legal initiatives are being taken as a necessary part of a broader action plan to safeguard the efforts made in research and development.