(Bloomberg) -- The European Union threatened to prolong for five more years a tariff on a chemical from China used in cosmetics and perfumes to help France's Rhodia SA compete against cheaper imports.
The EU said it would reconsider letting lapse the duty on coumarin of 3,479 euros ($4,718) a metric ton. The 27-nation bloc imposed the levy in May 2002 to punish Chinese exporters for selling coumarin in Europe below domestic prices or below the production cost, a practice known as dumping.
Read more at Bloomberg Emerging Markets News
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