WHEREAS , HOWEVER , DUE TO THE LOW LEVEL OF PRICES , AND IN PARTICULAR OF THOSE PRICES OBTAINED FROM THE TWO PRODUCERS OF FURFURYL ALCOHOL , THREE OF THE FOUR COMMUNITY PRODUCERS INVESTIGATED HAVE BEEN SUFFERING CONSIDERABLE LOSSES ; WHEREAS , HOWEVER , THE RECENT INCREASE IN THE OVERALL PRICE LEVEL AND THE LEVEL OF PRICES OF CHINESE IMPORTS IN PARTICULAR HAS ALREADY , TO A LARGE EXTENT , REMEDIED THE SITUATION OF THE COMPLAINANT INDUSTRY ;
WHEREAS THE COMMISSION HAD TO TAKE ACCOUNT OF THE FACT THAT BEFORE AND DURING THE PERIOD OF INVESTIGATION PRICES OF DOMINICAN EXPORTS , WHICH WERE EXCLUSIVELY SOLD TO THE TWO PRODUCERS OF FURFURYL ALCOHOL AND WHICH GENERALLY ACCOUNTED FOR OVER 60 % OF THE COMMUNITY MARKET , HAVE BEEN AS LOW AS OR LOWER THAN PRICES OF CHINESE EXPORTS ; WHEREAS THE QUANTITY OF SPANISH EXPORTS COMPARED TO THE VOLUME OF IMPORTS FROM THE DOMINICAN REPUBLIC AND CHINA WAS NEGLIGIBLE ; WHEREAS , MOREOVER , ANOTHER INCREASE OF THE PRICE OF CHINESE IMPORTS IS NOT LIKELY TO IMPROVE THE SITUATION OF THE COMMUNITY PRODUCERS , GIVEN THE RELATIVELY SMALL MARGIN BETWEEN PRESENT PRICES OF THE CHINESE PRODUCT AND THE SELLING PRICE OF FURFURYL ALCOHOL , WHICH IS HARDLY SUFFICIENT TO COVER PRESENT MANUFACTURING COSTS OF ALCOHOL PRODUCERS ACCOUNTING FOR APPROXIMATELY 75 % OF COMMUNITY CONSUMPTION OF FURFURAL ; WHEREAS AN EVENTUAL INCREASE IN THE SELLING PRICE OF FURFURYL ALCOHOL TO COVER HIGHER COSTS FOR FURFURAL WOULD BE LIKELY TO LEAD TO A REDUCTION IN CONSUMPTION OF ALCOHOL AND ITS PARTIAL SUBSTITUTION BY OTHER , LESS EXPENSIVE PRODUCTS , AND THEREFORE INEVITABLY LEAD TO A FALL IN COMMUNITY CONSUMPTION OF FURFURAL ;
WHEREAS , IN THESE CIRCUMSTANCES , IT APPEARS THAT THE UNDUMPED IMPORTS FROM THE DOMINICAN REPUBLIC HAVE BEEN THE PRINCIPAL CAUSE OF ANY INJURY SUFFERED BY THE COMMUNITY INDUSTRY ; WHEREAS , IN RESPECT OF SPANISH AND CHINESE IMPORTS , THE INTERESTS OF THE COMMUNITY DO NOT NOW CALL FOR PROTECTIVE MEASURES ; WHEREAS , THEREFORE , NO FURTHER INVESTIGATION OF THE ALLEGED DUMPING IN RESPECT OF THESE IMPORTS IS NECESSARY AND THE PROCEDURE CONCERNING IMPORTS OF FURFURAL ORIGINATING IN THE DOMINICAN REPUBLIC , SPAIN AND THE PEOPLE ' S REPUBLIC OF CHINA SHOULD BE TERMINATED ,
HAS DECIDED AS FOLLOWS :
SOLE ARTICLE
THE ANTI-DUMPING PROCEDURE IN RESPECT OF FURFURAL ORIGINATING IN THE DOMINICAN REPUBLIC , SPAIN AND THE PEOPLE ' S REPUBLIC OF CHINA IS HEREBY TERMINATED .
DONE AT BRUSSELS , 6 JULY 1981 .
FOR THE COMMISSION
ETIENNE DAVIGNON
VICE-PRESIDENT