Hard drive prices are expected to rise in Europe after the European Commission extended its anti-dumping tariffs to Indonesia, which produces as many as 100 million 3.5-inch diskettes a year.
The EC has imposed a tariff of over 40 per cent on Indonesia, but that follows similar action against other countries including the US, South Korea, Taiwan, Japan, China, Hong Kong, Malaysia and Mexico.
This will increase prices, according to storage distributor Ideal Hardware. Said Alex Tatham, press representative of the company: ?The EU tariff is important. Will the EU put anti-dumping legislation into the statute book??
He added: ?As prices rise in the US, are all the stocks going to come over here? This comes down to - ?Can we make more money out of it???
He said that even the threat of EU legislation puts the prices of storage up. However, he said, price rises and anti-dumping duties were good for distributors like Ideal.
?It puts the brokers at a disadvantage because, although they engage in arbitrage, they don?t have long term relationships with the vendors and they?re not normally financially viable anyway.?
All the Far East manufacturers, apart from Taiwan, are desperate for foreign currency, because of the collapse of their local economies. But the EU has decided that it does not need to penalise Macao and Thailand.
The swingeing tariffs follow an investigation into foreign imports of 3.5-inch diskettes prompted by European manufacturers of the floppies.
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