On March 17, 2006, the International Trade Commission of the Ministry of Economic Affairs (hereinafter referred to as the "ITC of MOEA") made an affirmative preliminary determination in its injury investigation involving certain Towelling Products from Mainland China.
According to the affirmative preliminary determination, the ITC found that there is a reasonable indication that an R.O.C. industry is being materially injured by reason of imports of certain Towelling Products from Mainland China that are alleged to be sold in the R.O.C. at less than normal value.
Under the jurisdiction set forth in the Implementing Regulation on the Imposition of Countervailing and Antidumping Duties, the MOEA shall make an investigation, conducted by the ITC, as to whether there is any injury to an R.O.C. industry. As a result of the MOEA"s affirmative preliminary determination, the Ministry of Finance will continue to conduct a dumping investigation of imports of certain Towelling Products from Mainland China, and its preliminary determination will be made within 70 days (if not extended) after the next day of receipt of a notice, made by the MOEA at March 17, of the foregoing determination.