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US maintains dumping duty on honey
Source: Xinhua |
November 21, 2012, Wednesday
|
Print Edition
Print Edition
THE United States has determined it would maintain the existing anti-dumping duty on honey from China, despite Beijing's repeated calls for Washington to drop protectionism.
The US International Trade Commission on Monday concluded unanimously in a ruling that revoking the current anti-dumping duty orders on honey from China would likely lead to the continuation or recurrence of material injury within a reasonably foreseeable time.
It was the second five-year "sunset review" since December 10, 2001, when the duty was first introduced. The duty margin runs from 25.88 percent to 183.80 percent.
In 1995, the US Commerce Department planned to impose punitive tariff on honey from China, but the ITC later suspended the investigation.
In 2000, the Commerce Department initiated the investigation again and the ITC made an affirmative response, giving birth to the decade-long order.
A "sunset review" is conducted every five years after anti-dumping duties were introduced.
The US International Trade Commission on Monday concluded unanimously in a ruling that revoking the current anti-dumping duty orders on honey from China would likely lead to the continuation or recurrence of material injury within a reasonably foreseeable time.
It was the second five-year "sunset review" since December 10, 2001, when the duty was first introduced. The duty margin runs from 25.88 percent to 183.80 percent.
In 1995, the US Commerce Department planned to impose punitive tariff on honey from China, but the ITC later suspended the investigation.
In 2000, the Commerce Department initiated the investigation again and the ITC made an affirmative response, giving birth to the decade-long order.
A "sunset review" is conducted every five years after anti-dumping duties were introduced.
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