JCB welcome probes into alleged dumping of subsidised Chinese excavators in the UK
JCB have welcomed news that government investigations are under way into alleged dumping of subsidised Chinese excavators on the UK market.
The company says that in recent years Chinese manufacturers, who are heavily subsidised by the state, have increasingly targeted the UK market with cut-price excavators.
Following complaints by JCB, the UK Trade Remedies Authority (TRA) has now launched anti-dumping and anti-subsidy investigations into the import of tracked excavators from China, focusing on machines weighing 11 tonnes and above.
The TRA will investigate whether these imports are being dumped in the UK below their normal value, or whether they benefit from government subsidies and whether this is causing injury to JCB and to UK industry.
TRA chief executive Oliver Griffiths said: ‘Our investigations will examine whether excavators from China are being sold into the UK at unfair prices because of dumping and subsidisation – and whether we need remedies to protect the UK economy.’
JCB chief executive officer Graeme Macdonald said: ‘We welcome these investigations by the Trade Remedies Authority. There is clear evidence of unfair competitive practices in relation to aggressive, and subsidised, pricing of tracked excavators imported from China.
‘We want to see a swift and clear resolution to this urgent matter so that a competitive level playing field is restored for all UK-based manufacturers who invest heavily in the development of world-leading products.’