United States sets sub­sidy rates

China Daily (Hong Kong) - - BUSINESS -

The US Com­merce De­part­ment on Tues­day set pre­lim­i­nary sub­sidy rates on im­ports of alu­minum foil from China. China, for its part, urged US au­thor­i­ties to abide by World Trade Or­ga­ni­za­tion rules in its in­ves­ti­ga­tion of alu­minum im­ports. The Com­merce De­part­ment said in a state­ment that it had set pre­lim­i­nary sub­sidy rates rang­ing from 16.56 per­cent to 80.97 per­cent for Chi­nese ex­porters and pro­duc­ers of alu­minum foil. Puni­tive du­ties would be im­posed af­ter both the Com­merce De­part­ment and the US In­ter­na­tional Trade Com­mis­sion make af­fir­ma­tive fi­nal rul­ings. The Com­merce De­part­ment is sched­uled to make its fi­nal de­ter­mi­na­tion around Oct 23, un­less the statu­tory dead­line is ex­tended. The de­part­ment launched anti-dump­ing and anti-sub­sidy in­ves­ti­ga­tions into im­ports of alu­minum foil from China in March, in re­sponse to a re­quest from the US Alu­minum As­so­ci­a­tion Trade En­force­ment Work­ing Group. sec­tor and it was also Canada’s largest-ever for­eign in­vest­ment in the field. Xia said Canada had not made its own baby for­mula for more than 20 years. The Canadian Dairy Com­mis­sion tried for a num­ber of years to find a do­mes­tic pro­ces­sor, but no lo­cal com­pa­nies were in­ter­ested in ex­pand­ing into for­mula, he said.

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