China

The European Union is planning to impose levies of up to 16 percent on Chinese paper products imported into the bloc. The European Commission proposed imposing the duties for five years to protect European paper producers from the effects of the Chinese government’s subsidies for the country’s exporters of coated fine paper for books and magazines. EU national governments are expected to decide on the duties by May 17, according to Bloomberg. The EU already imposes anti-subsidy duties on Chinese textiles, chemicals and shoes, among others, and taxes about 50 Chinese products, more than any other country.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.