CV: Canada Alloy Magnesium and Pure Magnesium
The International Trade Commission (ITC) has issued a press release stating that on June 7, 2006, all six Commissioners voted to revoke the existing countervailing (CV) duty orders on imports of pure and alloy magnesium from Canada (C-122-815).
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According to the press release, the ITC Commissioners determined that revocation of these existing CV duty orders on subject merchandise from Canada would not be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
However, the majority of ITC Commissioners also determined that revoking the existing antidumping (AD) duty order on pure magnesium from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. As a result, this existing AD duty order on imports of pure magnesium from China will remain in place.
(This action comes under the five-year (sunset) review process required by the Uruguay Round Agreements Act (URAA), which according to 19 CFR 351.218(a), requires the International Trade Administration (ITA) to revoke an AD or CV duty order, or terminate a suspension agreement, after five years unless it is found that revocation would be likely to lead to both (1) a continuation or recurrence of dumping or a countervailable subsidy and (2) material injury to a U.S. industry within a reasonably foreseeable time.
A negative determination either by the ITA with respect to (1) above or by the ITC with respect to (2) above results in the revocation of the AD and/or CV duty order.)
(See ITT's Online Archives or 07/14/05 and 09/02/05 news, 05071430 and 05090230, for BP summaries of the ITA and ITC's initiation of these sunset reviews for Canada and China, respectively.)
ITC Contact - Peg O'Laughlin (202) 205-1819
ITC Press Release (06-051, Inv. Nos. 701-TA-309A and 309B and 731-TA-696, dated 06/07/06) available athttp://www.usitc.gov/ext_relations/news_release/2006/er0607dd2.htm