|03 Feb 2009||Renewal|
ANNOUNCED AS TEMPORARYNo
In a petition filed on January 26, 2009, a U.S. firm seeks the imposition of countervailing duties on imports of Ni-resist piston inserts imported from Argentina and Korea. While the Department of Commerce has reached a affirmative determination with regard to Argentina, it has also reached a negative determination in its investigation of imports from Korea.
The product in question consists of alloyed cast iron rings, with or without a sheet metal cooling channel pressed and welded into the interior of the insert, normally used in aluminum pistons for diesel engines to improve the wear resistance and working life of the piston.
The petitioner identified various subsidies from which Argentine and Korean producers are alleged to benefit, but stated that 'information sufficient to calculate a precise ad valorem subsidy is not reasonably available to Petitioner.' The U.S. International Trade Commission (USITC) withheld data on U.S. imports of this product from its public statements in order to avoid disclosure of business proprietary information.
This is the first time that a petition has been filed under the trade-remedy laws dealing with this product.
Under U.S. trade-remedy laws, CVD petitions are subject to a four-stage process: a preliminary injury determination by the USITC, the preliminary and final subsidy determinations by the International Trade Administration (ITA) of the Department of Commerce, and the USITC's final injury determination. The USITC's reached an affirmative decision in its preliminary determination on March 11, 2009. In a decision published on July 6, 2009, the ITA preliminarily determined the total estimated net countervailable subsidy rate in Argentina to be 5.42 percent ad valorem. In a separate decision published that same day, ITA found the countervailable subsidy rate in Korea to be de minimis. The ITA published its final affirmative determination for Argentina on September 18, 2009, and its final negative determination for Korea on September 21, 2009 (thus ending that investigation altogether). The USITC reached a negative final injury determination for Argentina on October 19, 2009.
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