Early probe findings: Foreign methionine was illegally dumped in US The US Department of Commerce has announced its preliminary determination that methionine imports from France, Spain and Japan have been illegally dumped in the US.
It is a win for US based methionine producer, Novus International Inc. who petitioned US authorities in July 2020 to formally investigate methionine imports from the countries of France, Spain and Japan consistent with the Antidumping Agreement of the World Trade Organization (WTO).
The petitions included information regarding the increase in methionine imports from 2017-2019 that Novus claimed led to substantial price depression and harm to the domestic methionine industry.
When she takes office on 1 March
, Dr Okonjo-Iweala will become the first woman and the first African to be chosen as Director-General. Her term, renewable, will expire on 31 August 2025.
“This is a very significant moment for the WTO. On behalf of the General Council, I extend our warmest congratulations to Dr Ngozi Okonjo-Iweala on her appointment as the WTO s next Director-General and formally welcome her to this General Council meeting,” said General Council Chair David Walker of New Zealand who, together with co-facilitators Amb. Dacio Castillo (Honduras) and Amb. Harald Aspelund (Iceland) led the nine-month DG selection process.
“Dr Ngozi, on behalf of all members I wish to sincerely thank you for your graciousness in these exceptional months, and for your patience. We look forward to collaborating closely with you, Dr Ngozi, and I am certain that all members will work with you constructively during your tenure as Director-General to shape the future of
Arguing that America is harmed by other countries’ trade practices, President Donald Trump said on March 1 that the U.S. will impose a new 25 percent tariff on imported steel and 10 percent tariff on imported aluminum. “People have no idea how badly our country has been treated by other countries,” Trump said. Although China is the world’s largest producer and exporter of steel, it is only the 11th largest exporter of steel to the U.S., and the fourth largest exporter of aluminum to the U.S. The Editors
Budget temporarily revokes anti-dumping, countervailing duties on several steel items
February 02, 2021
Proposed amendments in ADD, CVD, safeguard measures to make trade remedies more effective
The Budget has temporarily revoked anti-dumping and countervailing duties on a number of steel products to bring down input costs for domestic user industry such as engineering products.
It has also proposed changes in the provisions related to anti-dumping duty (ADD), countervailing duty (CVD), and safeguard measures to be applicable from January 1, 2022, to make trade remedies more effective.
Anti-dumping duties (additional import duties imposed to counter losses to domestic industry in case shipments are priced lower than selling price in exporting country) are being temporarily revoked, from February 2, 2021 to September 30, 2021, on straight length bars and rods of alloy-steel, from China, high speed steel of non-cobalt grade from Brazil, China and Germany and flat rolled product of
Anti-dumping duties on cold rolled coils revised thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.