House Agriculture Committee Chairman Blasts Turkey for Cotton Duties
House Agriculture Committee Chairman Michael Conaway, R-Texas, knocked Turkey for its decision to levy a three percent antidumping duty on all U.S. cotton fiber imports into Turkey. The decision was logically baseless, represents “blatant retaliation” against U.S. investigations into Turkish…
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steel exports, “violated WTO procedure, and was anything but transparent,” he said in an April 20 statement (here). The National Cotton Council has said Turkey’s U.S. cotton dumping investigation has no merit. “American cotton growers remain under assault, and the problems just keep coming,” Conaway said. “Just last week, China announced it will start selling off government-owned stockpiles, a result of their reckless policy that has depressed world cotton prices and that continues to hang over the market. Add to that the fact that India’s minimum support price and input subsidies have resulted in India topping China as the world’s largest producer. Now Turkey, the nation’s second largest cotton customer, is slapping U.S. cotton exporters with a three percent duty as retaliation against a U.S. investigation into Turkish steel exports….The findings are baseless and the duties should be dropped immediately."