EU checks "market economy status" of Shanghai plastic bag companies

On August 25th, EU officials entered five Chinese companies, including Shanghai Side Housewares Co., Ltd., and carried out on-the-spot verification around the “market economy status of enterprises”.
It is understood that on June 30 this year, the European Union initiated an anti-dumping investigation against plastic bags produced in China. A total of 115 Chinese companies responded to the lawsuit, which is the most responded to EU anti-dumping case against China. The EU has selected the top 10 companies in its export volume and conducted field verification in two batches. This verification is the first batch, involving a total of five companies in Shanghai Side and Jiangsu and Zhejiang. The EU officials check the time of each company is about two days.
At present, China is the EU's largest source of plastic bag imports. According to the statistics of the Chinese side, the amount of money involved by the Chinese company was 310 million U.S. dollars. Last year, most companies were cut into high tariffs in anti-dumping cases against plastic bags in China. If they lose the EU market, thousands of plastic bag manufacturers in China will be in deep trouble.

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