AND CONSUMPTION ACCOMPANIED BY CONSIDERABLE OVERCAPACITY AND EXTREMELY HIGH LOSSES ;
WHEREAS THIS PROCESS OF RECOVERY HAS ENTAILED MAJOR EFFORTS TO REDUCE CAPACITY AND TO RATIONALIZE WHICH HAS RESULTED IN AN OVERALL REDUCTION OF APPROXIMATELY 8 % OF THE WORK FORCE SINCE 1977 , AND ATTEMPTS BY THE EUROPEAN PRODUCERS TO INCREASE THEIR SELLING PRICES IN ORDER TO COVER SHARPLY INCREASED RAW MATERIAL COSTS AND TO REACH A REASONABLE PROFIT SITUATION ;
WHEREAS , WHILST THESE ATTEMPTS WERE BEING MADE BY COMMUNITY PRODUCERS , A SIGNIFICANT INCREASE IN IMPORTS HAS TAKEN PLACE FROM JAPAN ; WHEREAS THE EVIDENCE AVAILABLE TO THE COMMISSION SHOWS THAT IMPORTS INTO THE COMMUNITY OF ACRYLIC FIBRES ORIGINATING IN JAPAN HAS INCREASED FROM 3 678 TONNES IN 1977 TO 7 700 TONNES IN 1979 , REPRESENTING AN INCREASE OF 109 % ; WHEREAS THE JAPANESE MARKET SHARE HAS DOUBLED SINCE 1977 FROM 0.8 % IN 1977 TO 1.6 % IN 1979 ;
WHEREAS JAPANESE IMPORTS ARE CONCENTRATED ON THE ITALIAN MARKET WHICH , FOR 1979 , RECEIVED ALMOST 70 % OF JAPANSE EXPORTS TO THE COMMUNITY ; WHEREAS THESE EXPORTS TO ITALY HAVE INCREASED FROM 776 TONNES IN 1977 TO 1 027 TONNES IN 1978 , REPRESENTING AN INCREASE OF 32 % AND TO 5 438 TONNES FOR 1979 , AN INCREASE OF 430 % COMPARED WITH 1978 ; WHEREAS THE MARKET SHARE OF THESE IMPORTS HAS INCREASED FROM 0.5 % IN 1977 TO 2.4 % IN 1979 ; WHEREAS THESE INCREASED JAPANESE EXPORTS TO ITALY HAVE BEEN AT EXTREMELY LOW PRICES , UNDERCUTTING ITALIAN PRODUCERS BY APPROXIMATELY 40 % ;
WHEREAS THE TOTAL MARKET SHARE HELD BY JAPANESE EXPORTS , TOGETHER WITH THOSE HELD BY AMERICAN AND SPANISH FIRMS ALSO FOUND TO HAVE DUMPED , AMOUNTED IN 1979 TO 7.6 % IN THE COMMUNITY AND TO 9.8 % IN ITALY ; WHEREAS THE ABOVE HAS RESULTED IN A LOSS OF ORDERS AND DEPRESSION OF PRICES AND ADDITIONAL LOSSES FOR ITALIAN PRODUCERS ;
WHEREAS THE EVIDENCE AVAILABLE TO THE COMMISSION ALSO INDICATES THAT THIS SITUATION IN ITALY , WHICH REPRESENTS APPROXIMATELY 30 % OF COMMUNITY PRODUCTION AND APPROXIMATELY 40 % OF COMMUNITY CONSUMPTION , HAS A CONSIDERABLE IMPACT ON OTHER COMMUNITY PRODUCERS WHO TRADITIONALLY EXPORT TO ITALY AND WHO ARE ALSO FACING A DIFFICULT SITUATION CHARACTERIZED BY HEAVY LOSSES , AND WHO ARE CURRENTLY FORCED TO MEET ARTIFICIALLY LOW IMPORT PRICES ;
WHEREAS INJURIES CAUSED BY OTHER FACTORS WHICH COULD ADVERSELY AFFECT THE COMMUNITY INDUSTRY , SUCH AS THE VOLUME AND PRICES OF OTHER IMPORTS , OR STAGNATION OF DEMAND , HAVE BEEN EXAMINED , AND ANY ADVERSE EFFECTS CAUSED BY THESE FACTORS HAVE NOT BEEN ATTRIBUTED TO THE IMPORTS UNDER CONSIDERATION ;
WHEREAS , IN VIEW OF THE FOREGOING , THE PRELIMINARY EXAMINATION OF THE FACTS SHOWS THAT DUMPING EXISTS , AND THAT THERE IS SUFFICIENT EVIDENCE OF CONSEQUENT INJURY ;
WHEREAS THE COMMISSION , AFTER HAVING EXAMINED THE COMMUNITY PRODUCERS ' AND IMPORTERS ' PRICES , COSTS , PROFITABILITY AND MARKETING CONDITIONS , HAS