On February 14,2017,the United States Department of Commerce issued a notice that our client,Shuangqian Group Co.,Ltd.("Shuangqian"),represented by lawyer Zhang Yi,obtained the lowest combined tax rate of 23%in the country for anti-dumping and countervailing actions against truck and bus tires(TBR)originating in China in the United States,while all other responding Chinese enterprises obtained a combined tax rate of 43%to 63%.In addition,the final determination on countervailing measures ruled that Shuangqian did not engage in export raids and did not impose retroactive taxes.In this case,we not only maintain the US market of nearly US$100 million per year for our customers,but also are likely to become the only Chinese enterprise that can normally export TBR tires to the US.It is expected that we can bring new revenue of hundreds of millions of US dollars and new profits of over US$50 million per year to our customers.

At the same time,we have also made significant breakthroughs in assisting our customers in responding to the US OTR tire anti-dumping review.On February 6,2017,after more than a year of litigation in the United States Court of International Trade,Shuangqian obtained a complete victory in a lawsuit filed by the United States Department of Commerce against unfair treatment granted by the United States OTR tire anti-dumping in the fifth administrative review.The United States Court of International Trade ruled that the United States Department of Commerce should withdraw the application of the anti-dumping tax rate of 105.31%for Shuangqian and apply a slight dumping margin of 0.14%for Shuangqian.

The two cases mentioned above have attracted the attention of many media,and lawyers Zhang Yi have been interviewed in succession.They have also been introduced in a special article published in the International Business Daily of the Ministry of Commerce of China.

The specific link is as follows:http://finance.sina.com.cn/roll/2017-02-18/doc-ifyarrcf4542267.shtml?cre=financepagepc&mod=f&loc=4&r=9&doct=0&rfunc=60；

http://epaper.comnews.cn/news-1159238.html

This article is translated by software translator for reference only.