U.S. OKs duties on plastic bags
19/04/2010 12:00
WASHINGTON (Reuters) - A U.S. trade panel on Thursday gave final approval to punitive duties on billions of plastic shopping bags made in Indonesia, Taiwan and Vietnam.
U.S.
The U.S. International Trade Commission voted 5-1 that low-priced imports from the three countries threatened to injure U.S. producers.
The Commerce Department will now issue anti-dumping and countervailing duty orders on bags from Vietnam and anti-dumping orders on bags from Indonesia and Taiwan.
U.S. shoppers used about $1.5 billion of the bags in 2008, including about 14.6 billion bags valued at $186 million from the three Asian countries.
Seventeen domestic firms in 18 U.S. states made about $983 million of the bags during the same year.
The case was brought by Hilex Poly Co LLC of Hartsville, South Carolina and Superbag Corp of Houston, Texas.
The Commerce Department has set countervailing duties ranging up to 4.24 percent on bags from Vietnam to negate government subsidies and anti-dumping duties ranging up to 76.11 percent to offset below-market prices.
The department has set anti-dumping duties ranging from 36.54 percent to 95.81 percent on bags from Taiwan and anti-dumping duties of 67.62 percent on bags from Indonesia.
U.S.
The U.S. International Trade Commission voted 5-1 that low-priced imports from the three countries threatened to injure U.S. producers.
The Commerce Department will now issue anti-dumping and countervailing duty orders on bags from Vietnam and anti-dumping orders on bags from Indonesia and Taiwan.
U.S. shoppers used about $1.5 billion of the bags in 2008, including about 14.6 billion bags valued at $186 million from the three Asian countries.
Seventeen domestic firms in 18 U.S. states made about $983 million of the bags during the same year.
The case was brought by Hilex Poly Co LLC of Hartsville, South Carolina and Superbag Corp of Houston, Texas.
The Commerce Department has set countervailing duties ranging up to 4.24 percent on bags from Vietnam to negate government subsidies and anti-dumping duties ranging up to 76.11 percent to offset below-market prices.
The department has set anti-dumping duties ranging from 36.54 percent to 95.81 percent on bags from Taiwan and anti-dumping duties of 67.62 percent on bags from Indonesia.
(Reporting by Doug Palmer; Editing by Eric Walsh)
WASHINGTON
Thu Apr 15, 2010 5:51pm EDT
Source: www.reuters.com
WASHINGTON
Thu Apr 15, 2010 5:51pm EDT
Source: www.reuters.com
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