China adjusts anti-dumping duties for Nissan

BEIJING -- China's Ministry of Commerce (MOC) has decided to adjust anti-dumping and countervailing duties imposed on some vehicles made by Nissan North America Inc starting Thursday.

In a Wednesday statement, the ministry said it has adjusted the anti-dumping rate for the company's sedans and sport utility vehicles (SUVs) with engines of 2.5 liters or greater to 3.6 percent.

No countervailing duty will be levied on those company products from Thursday, the statement said.

On Oct 18, 2012, the MOC initiated a new exporter review on anti-dumping and countervailing measures on the company.

The MOC's investigation found that the company qualifies as a new exporter, as the firm exported cars to China after China began imposing duties on auto exports from the United States.

In December 2011, the ministry decided to impose anti-dumping and countervailing duties of up to 21.5 percent on sedans and SUVs from the US for two years.