
TRADE - September 16 to September 30, 2003
CHINA, KOREA AFFECTED BY IMPORT RULING WASHINGTON, DC - The US International Trade Commission (USITC) has voted to impose antidumping duties on imports of polyvinyl alcohol from China and South Korea.
In a 4-0 vote, the commissioners made a final affirmative determination that the imports of the chemical used primarily in the production of an adhesive injured or threatened injury to US-based industry. As a result of the ruling, the Commerce Department will direct US Customs to collect antidumping duties equal to the "dumping margins", which are calculated as the difference between what the chemical is being sold for in the US and what the chemical is sold for in the exporting country or third country markets.
Imposition of antidumping duties requires final affirmative determinations both from the Department of Commerce on dumping and from the USITC on injury.
The Commerce Department reached an affirmative final determination in August, calculating the dumping margins as follows: China - Sinopec Sichuan Vinylon Works, 6.91%; all others, 97.86%; South Korea - DC Chemical Company Ltd, 38.74%; all others, 32.08%.
Dumping is the sale of an export good at a price below the home-market or third-country price or below the cost of production.
Also September 12, the USITC advanced a preliminary antidumping investigation of electrolytic manganese dioxide imports from Australia, Greece, Ireland, Japan, and South Africa. However, the commissioners ended the similar case against imports from China finding that they were negligible.
Imports are deemed negligible when they amount to less than 3% of all relevant imported merchandise in the recent 12-month period preceding filing of the petition.
Go
back, or read the latest briefs:
TRADE

empty

MANUFACTURING / ENGINEERING / CONSTRUCTION / ENERGY

empty

TRADE SERVICES / FINANCE / EDUCATION

empty

AGRICULTURE / ENVIRONMENTAL TECHNOLOGY / BIOTECHNOLOGY

empty

TECHNOLOGY / TELECOMMUNICATIONS

empty

TRANSPORTATION / LOGISTICS

empty

ENTERTAINMENT / RETAIL / TRAVEL

empty

PEOPLE

empty

|