EU Plans 5-year Tax on Chinese Glossy Paper

The tariff, which needs the approval of European Union member states and must launch by May 17, aims to counteract what the EU executive says are illegal Chinese state subsidies and market dumping by Chinese exporters.

The Chinese operations of Asia Pulp and Paper (APP) face a combined tariff of 20 percent, according to the document.

The tariff plan combines for the first time anti-dumping and anti-subsidy duties against China and is expected to be discussed by EU member states later this month.