EU Welcomes U.S. Decision to Revoke AD Duties on Steel Sheet & Strip
On August 10, 2011, the European Commission welcomed the U.S.' decision to revoke duties imposed on stainless steel sheet and strip in coils from Germany and Italy. Since 1999, the U.S. has imposed antidumping (AD) duties on Stainless Steel Sheet and Strip in Coils from Germany and Italy as well as other countries at 13.48% and 11.23% of the U.S. import price. On August 10, the U.S. published an order in the Federal Register that the AD duties against Italy and Germany will be revoked from July 25, 2010. The Commission states that lifting the duty against European exports would resolve one of the European Union’s long standing trade irritants with the U.S.
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The revocation could also resolve a World Trade Organization dispute between the EU and the U.S. concerning the refusal of the U.S. to correct a calculation error made in the original investigation when the U.S. imposed an AD duty of 11.23% on such imports from Italy. The EU requested WTO dispute settlement consultations in April 2011; however, If the order to revoke the duty in place remains final, the Commission states the EU would not need to further pursue the issue in the WTO.