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US Investigates Dumping Of Spanish Olives

by Mike Godfrey, Tax-News.com, Washington

17 July 2017

The United States has begun an investigation into Spanish exports of ripe olives to consider whether to issue anti-dumping duty (AD) and countervailing duty (CVD) orders.

The Department of Commerce announced the investigation following petitions from domestic companies that alleged that Spanish exports were being dumped in the US market. The petitioners alleged dumping margins of between 78 and 223 percent, with countervailable subsidies above the minimum threshold.

Dumping occurs when good are sold into a foreign market at below the prevailing market rate in the exporter's domestic market. Countervailable subsidies are subsidies from foreign governments that are limited to specific enterprises or industries, or are contingent on either export performance or upon the use of domestic goods over imported goods.

The US International Trade Commission (USITC) will make a preliminary injury determination by August 7. If USITC finds evidence of injury to US industry, Commerce will continue its investigation and make its preliminary determinations before the end of November.

TAGS: tariffs | anti-dumping | food | trade disputes | United States | trade

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