Commerce also announced that it had reached an agreement to suspend the ADD investigation of imports of OCTG from Ukraine.
According to a release [PDF 117 KB] from the International Trade Administration, because of the final affirmative ADD determinations (except for Ukraine), Commerce will instruct U.S. Customs and Border Protection (CBP) to suspend liquidation and to collect cash deposits for estimated antidumping duties equal to the applicable dumping margins found in the final determinations adjusted for export subsidies.
The ITC is scheduled to make its final injury determinations on or about August 25, 2014, for the ADD investigations involving India, the Philippines, Saudi Arabia, Thailand, Turkey, Ukraine, and Vietnam and for the CVD investigation involving India.
Because the preliminary determinations were negative, the ITC has until on or about September 23, 2014, to makes its final injury determinations for the ADD investigations involving Korea and Taiwan and for the CVD investigation involving Turkey.
If the ITC makes affirmative final determinations that imports of OCTG from India, Korea, the Philippines, Saudi Arabia, Taiwan, Thailand, Turkey, Ukraine, and/or Vietnam materially injure, or threaten material injury to, the domestic industry, Commerce will issue ADD and/or CVD orders for all countries (other than Ukraine).
If the ITC makes any negative determinations, the investigation(s) will be terminated.
With respect to Ukraine, if the ITC makes a negative injury determination, both the investigation and the suspension agreement will be terminated.
If the ITC makes an affirmative finding of material injury with respect to imports of OCTG from Ukraine, the suspension agreement will remain in force until no later than July 10, 2017, at which time Commerce will terminate the agreement and issue an antidumping duty order.
For more information, contact a professional with KPMG’s Trade & Customs practice:
John L. McLoughlin
Todd R. Smith
Luis A. Abad
Or your local KPMG Trade & Customs professional.