Asia Pulp & Paper (APP), the leading exporter of coated paper from China and Indonesia (capacity of 15Million tons), fully expects the preliminary ruling to be overturned for the Anti Dumping case. They maintain the mills that export from China and Indonesia have never sold their products in the United States at less than fair value.
The preliminary ruling outlined the company illegally dumped paper in the United States. The USA Producers maintain the domestic market was being flooded with imported coated paper. The offshore produces state domestic shipments of coated paper are down because overall demand is down in this bad economy, not because of any alleged unfair practices of Chinese and Indonesian producers and importers.
In the current case, the preliminary anti-dumping and countervailing duty applied to Asia Pulp and Paper products are 43.65% on products from China, and 28.1% on products from Indonesia, as reported in our past releases.
The Department of Commerce’s final rulings are expected to be released in September. The last phase of the cases takes place in October or early November, when the U.S. International Trade Commission will determine if the U.S. paper industry has been harmed.
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2 comments:
I would imagine the Asia producers are quick to remind Uncle Sam that the USA producers enjoyed a subsidy in the Black Liquor credits which allowed for resales at under cost.
At the moment, Asia Pulp & Paper (APP) is not the largest exporter. As the market gained USA companies. I work with microwave moisture system and know what the U.S. has to ask the instrument for determining the level of moisture in the paper of pulp industry.
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