*EPF407 06/12/2003
USITC Votes to Impose Antidumping Duties on Saccharin from China
(Commissioners determine imports injure or threaten U.S. industry) (190)
Washington -- The U.S. International Trade Commission (USITC) has voted to impose antidumping duties on imports of saccharin from China.
In a 4-0 vote June 12, the commissioners made a final affirmative determination that the imports injured or threatened U.S. industry. They will direct the U.S. Customs Service to collect antidumping duties on any subject imports equal to the dumping margins.
Imposition of antidumping duties requires final affirmative determinations both from the Department of Commerce on dumping and from the USITC on injury.
The Commerce Department reached an affirmative final determination in May, calculating the dumping margins as follows: Suzhou Fine Chemical Group Co., Ltd., 291.57 percent; Shanghai Fortune Chemical Co., Ltd., 249.39 percent; Kaifeng Xinhua Fine Chemical Factory, 281.97 percent, and China-wide, 329.33 percent.
Dumping is the import of goods at a price below the home-market or a third-country price or below the cost of production. A dumping margin represents by how much the fair-value price exceeds the dumped price.
(Distributed by the Bureau of International Information Programs, U.S. Department of State. Web site: http://usinfo.state.gov)
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