AD: Argentina, Italy, Japan, S. Korea, Mexico OCTGs
The International Trade Commission has issued a press release stating that the existing antidumping duty orders on oil country tubular goods (OCTGs) from Argentina, Italy, Japan, South Korea (Korea), and Mexico will be revoked.
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The ITC determined that revoking the existing AD duty orders on subject merchandise from Argentina, Italy, Japan, Korea and Mexico would not be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time.
(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 to revoke an AD or countervailing 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 06/06/06 news, 06060645, for BP summary of the ITA and ITC's initiation of these sunset reviews.)
ITC contact - Peg O'Laughlin (202) 205-1819
ITC press release (07-059, Inv. Nos. 731-TA-711, 713-716, dated 05/31/07) available at http://www.usitc.gov/ext_relations/news_release/2007/er0531ee1.htm