Monday, October 25, 2010

Are Trade Remedies Dead? Maybe in the US, but not against the US.

On October 21 2010, US manufacturers of multilayered wood flooring filed a petition seeking antidumping (AD) and countervailing (CVD) duties against imports from China.  This was the first trade remedy petition filed since March, 2010 and only the third petition filed this year (15 petitions were filed in 2009).  The "Great Recession" clearly hasn't created a surge in new trade remedy cases in the United States.  (My thoughts on that will have to wait for another time.)

While trade remedy filings are at an all time low in the US, US industries are increasingly the target of AD/CVD cases in other countries.  In 2010, there have been 13 AD cases initiated against the US exports along with several CVD cases.  These cases have targeted important industries such as poultry, biodiesel, optical fiber, and various chemicals.  So, while trade remedies are dying (dead?) in the US, they are alive and "well" in other countries and are increasingly targeting US exports.  That attention will only grow if the National Export Initiative is successful.

No comments:

Post a Comment