WASHINGTON - The US International Trade Commission (USITC) on Thursday decided to keep the existing antidumping duty order on imports of magnesium from China, but would revoke the same order on imports of this product from Russia.
The USITC said that revoking the existing antidumping duty order on magnesium from China would be likely to lead to continuation or recurrence of material injury within a reasonably foreseeable time. However, it would not likely to have similar impacts in Russia's case.
As a result of the commission's determination, the existing order on imports of this product from China will continue to be in force. The same order on the Russian products will be revoked.
The Uruguay Round Agreements Act requires the Commerce Department to revoke an antidumping or countervailing duty order, or terminate a suspension agreement, after five years unless the Commerce Department and the USITC determine that revoking the order or terminating the suspension agreement would be likely to lead to continuation or recurrence of dumping or subsidies and of material injury within a reasonably foreseeable time.
The five-year reviews concerning magnesium from China and Russia were instituted on March 1, 2010. The USITC voted to conduct full reviews on June 4, 2010.
The US antidumping duty order on imports of magnesium from China and Russia was executed from April, 2005.
With the US economy reviving at a near-jobless recovery pace, the protectionist moves by the United States are also on the rise.