natgillin/translations-raw huggingface dataset:
Once the drawdown occurs, the accepting (or lending) bank guarantees the principal and interest by stamping the paper, thus becoming fully liable for the payment upon maturity in case of nonpayment by the underlying corporate borrower.’
Üks huvitatud isik esitas täiendavad kontrollimata dokumendid ja väitis, et kasu oli valesti arvutatud põhjusel, et teatavaid lepinguid oleks tulnud käsitleda pigem uuendatud lepingutena kui eraldi lepingutena.
In view of the likenesses between both markets, this claim had to be rejected.
Väideti ka, et kui oleks võetud haldustasu, siis oleks seda tulnud maksta enne uurimisperioodi algust.
Another interested party further claimed that, contrary to the Chinese system, Canadian banks need to provide the funds on the day when the bank acceptance is issued.
Lisaks väitis kõnealune isik, et komisjon ei võtnud arvesse toimiku uusimat versiooni (milles on parandustega veerg).
On this basis, it claimed that the guarantee fee covers more obligations, costs and risks for the banks than the Chinese system.
Mis puutub esimesse väitesse, siis kontrollitud tõendid ei kinnita, et selline leping oli uuendatud leping.
In this regard, it should be noted that the fact that the funds are made available is irrelevant as the Chinese system also provides that the funds need to be made available by the bank, should the holder of the bank acceptance note wish to discount it and have the funds available.
Peale selle ei olnud võimalik kontrollida dokumenti, mis esitati väite toetuseks pärast järelduste teatavakstegemist, ja see tuli jätta arvesse võtmata.
The transfer of liability and potential transfer of funds to the holder of the bank acceptance also explain why banks recognize bank acceptances as loans.
Teise väite osas märgitakse, et krediidiliinilepingud, mille sõlmimine toimus enne uurimisperioodi, hõlmasid osaliselt uurimisperioodi ja seega sai Gianti kontsern nende alusel kasu uurimisperioodi ajal.
As far as obligations and risks are concerned, the Commission considered that these are equivalent as the banks need to have the funds available from the day of issuance, they have an unconditional pledge to pay the bank acceptance at the maturity of the bank acceptance in the case of default by the creditor.
Seega ei saanud komisjon selle väitega nõustuda.
One exporting producer claimed that following the Bank of Canada document, credit lines are not a legal requirement for bank acceptances on the Canadian market.
Mis puutub kolmandasse väitesse, siis tuleb märkida, et see konkreetne veerg ei ole kasu arvutamise seisukohast oluline ja parandus ei avaldanud seetõttu mingit mõju.
In this regard, it is first noted that, the Bank of Canada document does not contain such a statement.
Järeldus sooduslaenude kohta
On the contrary, it refers in several instances to the existence of an established credit line facility.
Uurimine näitas, et kõik valimisse kaasatud eksportivad tootjad said uurimisperioodil sooduslaene.
On this basis, this claim was rejected.
Neid laene, krediidiliine ja pangaaktsepte tuleks käsitada tasakaalustatava subsiidiumina, sest esinevad nii rahaline toetus, eksportivate tootjate kasu kui ka konkreetsus.
In accordance with Article 6(c) of the basic Regulation, the benefit thus conferred on the recipients is considered to be the difference between the amount that the company pays for the provision of bank acceptances by Chinese financial institutions and the amount that the company would pay for a comparable bank acceptances obtainable on the Canadian market as benchmark.
Valimisse kaasatud äriühingute kontsernide puhul on sooduslaenudega seoses määratud subsiidiumisumma uurimisperioodil järgmine.
In order to determine the benefit, the Commission compared the bank acceptance fee paid by the sampled exporting producer concerned with the CDOR -which is the recognized Canadian benchmark index for bank acceptances with a term to maturity of one year or less- adjusted with the appropriate mark-up to take account of the creditworthiness of the buyers (stamping fee).
Tabel 1
In the absence of information on the level of the stamping fee, the same mark-up as the one used for loans denominated in RMB (see recital (284)) was used.
Äriühing/kontsern
Additionally, with an analogy to the situation in Canada and in accordance with Article 6 (d)(ii), a benefit for the credit line facility that should have been in place was also calculated on the basis of the benchmark mentioned above in the recital (299) using the highest amount of bank acceptance liabilities from each individual bank at a given moment in the IP as a basis for the calculation.
Üldine subsiidiumisumma
In accordance with Article 6(b) of the basic Regulation, for those bank acceptances that extended the payment term of the liabilities to the suppliers, a benefit was also calculated in the form of a de facto interest free short term loan to the sampled exporting producers concerned.
Jinhua Vision Industry ja Yongkang Hulong Electric Vehicle
In order to determine this benefit, the Commission used the same methodology as that described in recital (284) for loans denominated in RMB.
Soodusrahastamine ja -kindlustus: ekspordikrediidikindlustus
Following disclosure, one interested party claimed that the Commission erroneously double counted the benefits by adding the‘bill of acceptance –credit line arrangement fee’ and ‘bill of acceptance - preferential interest’ that should have been paid on the de facto loan to the benefit calculated for the bank acceptance fee.
Kaebuse esitaja väitis, et Sinosure pakkus vaatlusaluse toote tootjatele soodustingimustel ekspordikrediidi kindlustust.
In this regard, it should be noted that the evidence at hand concerning this particular exporting producer shows that the bank acceptances extended the payment terms of the invoices to which they referred.
Õiguslik alus
As a consequence, they were considered as a de facto loan.
Kaubandusministeeriumi ja Sinosure ühiselt välja antud teatis, mis käsitleb teaduse ja tehnoloogia abil ekspordikrediidi kindlustuse kaudu kaubanduse edendamise strateegia rakendamist (Shang Ji Fa [2004] nr 368).
On these grounds, and as explained in recital (335) a benefit was also calculated in the form of a de facto interest free short term loan.
Teatis, mis käsitleb Hiina kõrgtehnoloogiliste toodete 2006. aasta ekspordikataloogi, Guo Ke Fa Ji Zi [2006] nr 16.
Furthermore, as explained in recital (334) in analogy with the situation of the Canadian market, regardless of the existence of a de facto loan, a benefit for the credit line facility that should have been in place was also calculated.
Uurimise järeldused
On the basis of the above, this claim had to be rejected.
Kolm viiest valimisse kaasatud eksportivate tootjate kontsernist omasid uurimisperioodi jooksul ulatuslikke ekspordikrediidikindlustuse lepinguid Sinosurega.
Another interested party claimed that calculating a credit line benefit in addition to the guarantee fee amounted to double counting on the grounds that the guarantee fee should be considered sufficient to cover financial cost and risks relating to the issuance of bank acceptance.
Nagu märgitud põhjenduses 157, vastas Sinosure osaliselt eriküsimustikule, mis puudutas ekspordikrediidikindlustust, mida võimaldati valimisse kaasatud eksportivatele tootjatele.
It also argued that, in the case of a written credit line agreement, it is unfounded to consider that a bank would charge a fee for arranging such credit line.
Samas, nagu on märgitud põhjendustes 156–162, ei esitanud Sinosure täiendavaid dokumente, mida nõuti tema üldjuhtimise kohta, näiteks oma aastaaruannet või põhikirja.
It also claimed that the benchmark for the guarantee fee and credit line fee should stem from the same source.
Hiina valitsuse juurde tehtud kontrollkäigu ajal oli ka Sinosure kohal ning kinnitas, et ta on täielikult riigi omandis.
In this regard, it is referred to recital (323) which provides that borrowers need to have a credit line facility on which they will draw.
Lisaks ei esitanud Sinosure mingit konkreetset teavet elektrijalgrataste tootmisharule pakutava ekspordikrediidikindlustuse ja selle kindlustusmaksete taseme kohta ega üksikasjalikke näitajaid, mis on seotud tema ekspordikrediidikindlustuse valdkonna kasumlikkusega.
Furthermore, as mentioned in recital (318), it is recalled that the credit line facility contracts of several sampled exporting producers foresee that the facility can be used for various types of loans including bank acceptances.
Seepärast pidi komisjon täiendama antud teavet kättesaadavate faktidega.
Furthermore, the Bank of Canada document also foresees that ‘arrangement and agency fees are also applicable to both prime-and BA-based lines of credit’.
Kooskõlas Sinosure vastusega küsimustikule on Sinosure riigi omandis olev poliitiline kindlustusselts, mille on asutanud riik ja mida toetab riik, et toetada HRV välismajanduse ja kaubanduse arendamist ja koostööd.
In analogy with the situation on the Canadian market, it was considered reasonable to integrate a credit line arrangement fee in the calculation of the benefit.
Äriühing kuulub 100 % riigile.
As far as the source of the benchmarks is concerned, reference is made to section 3.3.1 and the fact that the Commission had to partially rely on facts available when examining the existence and the extent of the alleged subsidisation granted through preferential lending.
Tal on juhatus ja nõukogu.
In any case, it is considered that the information used is reasonable and reflects standard market conditions.
Valitsusel on õigus nimetada ametisse ja vabastada ametist äriühingu kõrgema tasandi juhte.
One interested party claimed that the Commission did not demonstrate the ‘less favourable terms’ of other Chinese commercial banks and that it did not justify why an out-of-country benchmark would be appropriate and that it did not make the necessary adjustments to ensure comparability.
Tuginedes küsimustiku vastusele, samuti kontrollkäigu ajal esitatud andmetele, tegi komisjon järelduse, et Sinosure puhul esineb formaalseid kaudseid märke valitsuse kontrolli kohta.
In this regard, it is recalled that, as explained in section 3.3.1, the GOC cooperated only partially as far as preferential lending is concerned and that the Commission had to partially rely on facts available when examining the existence and the extent of the alleged subsidisation granted through preferential lending.
Seetõttu järeldas komisjon, et Hiina valitsus on loonud normatiivse raamistiku, mida Hiina valitsuse poolt ametisse määratud ja Hiina valitsuse ees vastutavad juhid ja järelevalvajad peavad järgima.
In view of such partial cooperation, the Commission missed relevant crucial information and had to base its findings on facts available.
Seega tugines Hiina valitsus normatiivsele raamistikule, et teostada sisulist kontrolli Sinosure üle.
On that basis, the Commission found that the Chinese financial market is distorted as State-owned and private financial institutions are entrusted or directed by the State to pursue governmental policies and provide loans at preferential rates to the electric bicycle industry as concluded in recitals (217) and (222).
Komisjon taotles ka konkreetseid tõendeid sisulise kontrolli teostamise kohta konkreetsete kindlustuslepingute alusel.
This claim had therefore to be rejected.
Kontrollkäigu ajal väitis Sinosure, et praktikas olid tema kindlustusmaksed turupõhised ja põhinesid riskihindamise põhimõtetel.
One interested party also claimed that the CDOR is not an appropriate benchmark in view of its financial situation.
Samas ei esitatud konkreetseid näiteid seoses elektrijalgrataste tootmisharuga või valimisse kaasatud eksportivate tootjatega.
In this regard, reference is made to the credit rating assessments made for the sampled exporting producers in section 3.5.4.1.
Tingituna üksnes osalisest teabest, mille esitas Sinosure, ei saanud komisjon teha kindlaks ka Sinosure erilist käitumist seoses kindlustusega, mida pakuti valimisse kaasatud eksportivatele tootjatele, mis oleks võimaldanud komisjonil teha kindlaks, kas Sinosure tegutses turupõhimõtete kohaselt.
On the basis of such assessments, it was considered that all sampled exporting producers should have a BB credit rating.
Seoses sellega ei saanud komisjon ka hinnata, kas lisatasud, mida Sinosure võttis, olid piisavad, et hõlmata kahjunõuete kulu ja Sinosure kogukulu.
One interested party provided additional unverified documents and claimed that the benefit had been miscalculated on the ground that certain agreements should have been considered as renewals rather than separate agreements.
Lisaks leidis komisjon, et mõni eksportiv tootja sai kasu osalisest või täielikust Sinosurele makstud ekspordikrediidikindlustuse maksete tagastamisest.
They also claimed that if an administrative fee would have been charged, such fee would have been paid before the IP.
Seega tegi komisjon järelduse, et Sinosure on rakendanud eespool esitatud õiguslikku raamistikku elektrijalgrataste tootmisharus valitsuse volituste teostamisel, tegutsedes nii avaliku sektori asutusena alusmääruse koostoimes kohaldatava artikli 2 punkti b ja artikli 3 lõike 1 punkti a alapunkti i mõistes.
Furthermore, this party claimed that the Commission did not take into consideration the latest version of the file (with a corrected column).
Peale selle ei saanud Sinosure oma osalise koostöö tõttu tõendada, et ta tegutses tavapärastel turutingimustel ega võimaldanud kasu valimisse kaasatud eksportivatele tootjatele, eelkõige kuna kindlustust pakuti tariifidega, mis ei olnud madalamad kui miinimumtasu, mida Sinosure vajas oma tegevuskulude katmiseks.
As far as the first claim is concerned, the verified evidence at hand does not confirm that such agreement was a renewal.
Muude andmete puudumisel tegi komisjon järelduse, et põhjenduses 362 selgitatud väline võrdlusalus oleks samuti parim hinnang piisava lisatasu kohta turutingimustel.
Furthermore the document submitted after disclosure in support of this claim could not be verified and had to be disregarded.
Komisjon tegi ka kindlaks, et ekspordikrediidikindlustuse programmi alusel pakutud toetused on konkreetsed, sest neid ei saa omandada ilma eksportimata ning need sõltuvad seega ekspordist alusmääruse artikli 4 lõike 4 punkti a tähenduses.
Regarding the second claim, the credit lines agreements that started before the IP covered part of the IP and therefore the benefit of the issuance conferred to Giant Group during the IP.
Subsiidiumisumma arvutamine
The Commission could therefore not accept this claim.
Tasakaalustatava subsiidiumi summa arvutamisel lähtuti saaja saadud kasust, mille olemasolu uurimisperioodil kindlaks tehti.
As far as the third claim is concerned, it should be noted that this specific column was not relevant for the calculation of the benefit and the correction did therefore not have any impact.
Vastavalt alusmääruse artikli 6 punktile c käsitatakse saaja kasuna järgmise kahe summa vahet: kindlustusmakse, mille äriühing maksab Sinosurele lühiajalise kindlustuse eest, ning kindlustusmakse, mis tal tuleks maksta võrreldava ekspordikrediidi kindlustuse eest, mida ta võiks turul reaalselt saada.
Conclusion on preferential lending
Kuna Sinosure esindab ligikaudu 90 % ekspordikrediidi siseturust HRVs, ei saanud komisjon turupõhist siseturu kindlustusmakset välja arvutada.
The investigation showed that all sampled exporting producers benefited from preferential lending during the investigation period.
Kooskõlas varasema praktikaga kasutas komisjon seega kõige asjakohasemat välist võrdlusalust, mille kohta oli teave kohe kättesaadav, st kindlustusmaksete määrasid, mida kohaldas USA ekspordi-impordipank (edaspidi „Ex-Im Bank“) mittefinantsettevõtete suhtes OECD riikidesse ekspordil.
In view of the existence of a financial contribution, a benefit to the exporting producers and specificity, these loans, credit lines and bank acceptances should be considered as a countervailable subsidy.
Uurimisperioodil tagatud ekspordikrediidikindlustuse tagasimakseid käsitleti toetusena.
The subsidy amount established with regard to the preferential lending during the investigation period for the sampled groups of companies amounts to:
Kuna puudusid tõendid lisakulude kohta, mida need eksportivad tootjad kandsid ja mille korrigeerimist oleks olnud vaja, arvutati hüvitis kui uurimisperioodil saadud tagasimakse täissumma.
Table 1
Yadea palus selgitusi kasu arvutamise kohta ja väitis, et kasu tuleks arvutada tegelikult hüvitatud kapitali alusel, ja kui tegemist on kahjumiga, siis arvestades, et see on väiksem kui kindlustatud kapital.
Company/Group
Yadea palus ka selgitusi selle kohta, kas komisjon kasutas arvutamisel „puutumatuse määra“.
Overall Subsidy amount
Sellega seoses tuleb märkida, et saadud kasu arvutati vastavalt põhjenduses 362 esitatud metoodikale.
Jinhua Vision Industry and Yongkang Hulong Electric Vehicle
Mis puudutab kasu, siis leidis komisjon, et see tuleks arvutada kindlustatud kapitali alusel, mis on ka Yadea makstud preemia arvutamise alus, mis oli märgitud küsimustiku vastuses.
Preferential financing and insurance: export credit insurance
Veel tuleks märkida, et puutumatuse määra ei kohaldatud.
The complainant alleged that Sinosure provided export credit insurance on preferential terms to producers of the product concerned.
Valimisse kaasatud eksportivate tootjate puhul oli selle meetodiga määratud subsiidiumimäär uurimisperioodil järgmine.
Legal basis
Tabel 2
Notice on the Implementation of the Strategy of Promoting Trade through Science and Technology by Utilising Export Credit Insurance (Shang Ji Fa[2004] No. 368), issued jointly by MOFCOM and Sinosure.
Subsiidiumimäär
Notice on Issuing the 2006 Export Catalogue of High-Tech Products of China, Guo Ke Fa Ji Zi [2006] No. 16.
Riiklikud kaubatarned piisavast väiksema tasu eest
Findings of the investigation
Sisendi (elektrimootorite ja akude) pakkumine piisavast väiksema tasu eest.
Three out of five sampled groups of exporting producers had outstanding export insurance agreements with Sinosure during the IP.
Sissejuhatus
As outlined in recital (157) Sinosure partially responded to the specific questionnaire concerning export credit insurance provided to the sampled exporting producers.
Kaebuse esitaja väitis, et elektrijalgrataste tootmisharu sai sisendmaterjale (nt akusid, mootoreid ja muid jalgrattaosasid, mis on juba kokku monteeritud või mitte) piisavast väiksema tasu eest.
However, as mentioned in recitals (156) to (162) above, Sinosure failed to provide the supporting documentation requested concerning its corporate governance, such as its Annual Report or its Articles of Association.
Uurimise osana kontrollis komisjon teavet, mis käsitles elektrijalgrataste osade (akude ja mootorite) oste siseturul valimisse kaasatud eksportivate tootjate poolt.
During the verification visit at the GOC, Sinosure was also present and confirmed that it is fully State-owned.
Paralleelselt analüüsis komisjon ainsat koostööd tegevat nende osade omamaist tarnijat äriühing Bafangi, leides, et sellele äriühingule pakuti neid osasid siseturul madalama hinnaga kui ekspordiks.
In addition, Sinosure did not provide any specific information about the export credit insurance provided to the electric bicycle industry, the level of its premiums or detailed figures relating to the profitability of its export credit insurance business.
Nagu selgitatud üksikasjalikumalt põhjendustes 163–173, ei teinud Hiina valitsus koostööd seoses sisenditarnijatega Hiina siseturul ning keeldus esitamast selgitusi või olulist teavet akude ja mootorite siseturu kohta.
Therefore, the Commission had to complement the information provided with facts available.
Seega pidi komisjon vastavalt alusmääruse artiklile 28 toetuma oma järelduste puhul kättesaadavatele faktidele.
According to Sinosure's reply to the questionnaire, Sinosure is a State-owned policy insurance company established and supported by the State to support the PRC's foreign economic and trade development and cooperation.
Uurimine näitas, et mõned valimisse kaasatud eksportivatele tootjatele osade tarnijad on riigi omandis olevad ettevõtted või Hiina Jalgrattatööstuse Ühingu (CBA) liikmed.
The company is 100 % owned by the State.
CBA liikmena on äriühingutel teatavad kohustused seoses Hiina valitsuse poliitika rakendamisega elektrijalgrataste tootmisharus.
It has a board of directors and a board of supervisors.
Komisjon analüüsis seega teadaolevat Hiina valitsuse poliitikat seoses mootorite ja akudega ning eelkõige seda, kas selle ja muu kättesaadava teabe alusel võiks Hiina valitsuse poliitikat mõista sellisena, et mootorite ja akude tarnijaid volitati müüma soodsamatel tingimustel siseturu elektrijalgrataste tootjatele.
The Government has the power to appoint and dismiss the company's senior managers.
Lisaks analüüsis komisjon, kas selle tulemusena said Hiina mootorite ja akude tarnijad Hiina valitsuselt kasu.
Based on the reply to the questionnaire, as well as the information provided during the verification visit, the Commission concluded that there is formal indicia of government control with respect to Sinosure.
Nagu märgitud põhjenduses 164, ei edastanud Hiina valitsus, ehkki tal paluti seda teha, elektrijalgrataste osade tarnijatele mõeldud eriküsimustikku teadaolevatele Hiina tarnijatele.
On this basis, the Commission concluded that the GOC has created a normative framework that had to be adhered to by the managers and supervisors appointed by the GOC and accountable to the GOC.
Hiina valitsuse väitel puuduvad tal volitused nõuda teavet elektrijalgrataste osade tarnijatelt, sest need tegutsevad Hiina valitsusest sõltumatult.
Therefore, the GOC relied on the normative framework in order to exercise control in a meaningful way over the conduct of Sinosure.
Lisaks ei esitanud Hiina valitsus loetelu uuritavate Hiina elektrijalgrataste osade tarnijate ega nende omanike struktuuri kohta, väites et see on konfidentsiaalne teave.
The Commission also sought concrete proof of the exercise of control in a meaningful way on the basis of concrete insurance agreements.
Peale selle ei esitanud Hiina valitsus üksikasjalikku teavet Hiina elektrijalgrataste sisendmaterjalide siseturu kohta.
During the verification visit, Sinosure maintained that in practice its premiums were market-oriented and based on risk assessment principles.
Näiteks riigi omandis olevate ettevõtete osakaal siseturu tootmises ja tarbimises, siseturu suurus, riigi ja/või riigi omandis olevate ettevõtete hinnakujunduspoliitika, sisendmaterjalide tegelikud hinnad siseturul, ekspordi- või impordipiirangud või asjaomane statistika.
However, no specific examples with respect to the electric bicycles industry or the sampled exporting producers were provided.
Nagu märgitud põhjenduses 50, esitas üksnes üks jalgrattaosade tarnija (Bafang), kes oli tarninud sisendeid valimisse kaasatud eksportivatele tootjatele, teavet oma tegevuse kohta ning tegi seega käesolevas uurimises omal algatusel koostööd.
Due to the only partial information provided by Sinosure, the Commission could also not establish any specific behaviour of Sinosure with regard to the insurance provided to the sampled exporting producers which would have enabled the Commission to determine whether Sinosure was acting based on market principles.
Kuna komisjon ei saanud Hiina valitsuselt teavet eelkõige siseturu struktuuri, hinnakujundusmehhanismide ja hindade ning äriühingute osaluste kohta, leidis komisjon, et ta ei olnud saanud selle uurimise puhul asjakohast olulist teavet.
In this respect, the Commission was also unable to assess whether the premiums Sinosure charged were sufficient to cover the cost of the claims and the overhead expenses of Sinosure.
Koostööd tegev tarnija on üks peamisi Hiina tootjaid, kes toodab elektrijalgrataste tootmisharule mõeldud mootoreid.
In addition, the Commission found that some of the exporting producers benefited from a partial or total refund of the export credit insurance premiums paid to Sinosure.
Sama tarnija müüs ka mootoreid ja akusid elektrijalgrataste tootmisharule.