The person in charge of the enterprise rights and interests protection center of China Council for the promotion of international trade told reporters that China's export volume of color coated boards to Vietnam increased year by year, from 218100 tons
in 2014 to 391200 tons in 2015, and to 709200 tons in 2016. Vietnam has become one of the most important export markets of color coated sheet in China because of its rapid economic development in recent years and the demand for color coated sheet
has doubled. "Although the safeguard measures are aimed at the world, 80% of Vietnam's imports from China account for 80% of the total imports. The essence of the safeguard measures is to target Chinese products, and the annual amount of Chinese
products involved in the case exceeds US $500 million." The person in charge said.
In addition, the person in charge told the 21st century economic report that the vast majority of the major producers, exporters and sellers of color coated boards in China are small and medium-sized enterprises, and the competition among enterprises is white hot. The main means of competition is low-cost competition, which is vulnerable to anti-dumping and safeguard measures investigation. After several rounds of talks, the Ministry of Commerce and industry of Vietnam released the final verdict of the case in May 2017, that is, the safeguard measures of restricting the quantity of imported color coated sheet products within three years. Among them, China has obtained the largest quantity, and the quota quantity increases by 10% every year, and the export enterprise's market of at least 500 million US dollars per year is preserved. Wang Jinbo told reporters that in Indonesia's anti-dumping case in 2016, Kerui was one of the representative enterprises of China, and eventually won the arbitration of Indonesia's zero anti-dumping duty. "Although the arbitration results are available, the Ministry of finance of Indonesia has not implemented this policy up to now because there are opposition voices in Indonesia." Wang Jinbo said. In view of the current Sino US trade friction, due to the small share of products exported to the US market, the impact is not significant.
However, Wang Jinbo told reporters that there will also be some indirect impact, such as domestic appliances, machinery and auto parts products use a lot of steel, if the export of these products is blocked, it will indirectly affect the domestic sales of metal plates.