Commercial Information Circulars
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Ref. : EIC 111/3/10/1
21 November 2018
Commercial Information Circular No. 1049/2018
US : Antidumping and Countervailing Actions against Rubber Bands from the Mainland of China: Final Determinations
Further to Commercial Information Circulars No. 835/2018 of 6 September 2018 and 672/2018 of 9 July 2018 respectively regarding the preliminary determinations of anti-dumping (AD) and countervailing duty (CVD) investigations by the US Department of Commerce (DoC) against rubber bands from the Mainland of China, the DoC announced in the Federal Register (FR) notices on 20 November 2018 the final determinations that imports of the Chinese products were being, or were likely to be sold in the US at less than fair value; and that countervailable subsidies were being provided to producers and exporters of the products. The final estimated weighted-average dumping margin is found to be 27.27%, and the estimated subsidy rate is 125.77%. The FR notices are available at: https://www.gpo.gov/fdsys/pkg/FR-2018-11-20/pdf/2018-25294.pdf and https://www.gpo.gov/fdsys/pkg/FR-2018-11-20/pdf/2018-25296.pdf.
2.The US International Trade Commission (ITC) is currently scheduled to make its final injury determinations on 28 December 2018. If the ITC makes affirmative final injury determinations, the DoC will issue AD and CVD orders. The US Customs and Border Protection will continue to suspend liquidation of the subject imports and require a cash deposit of the estimated duties for subsequent entries in accordance with the rates as set out in the final determinations. However, if the ITC determines that such injury does not exist, this proceeding will be terminated, and all estimated duties deposited or securities posted will be refunded or cancelled.
3.For traders involved in the export of the subject product produced in Guangdong, please contact Li Xuefei, Director of Trade Remedy Division under the Guangdong Department of Commerce at 8620 3881 6201. The Division is responsible for, among others, guiding and coordinating enterprises in Guangdong Province in responding to AD investigations against products of the Province.
4.For enquiries concerning the content of this circular, please contact Mr Lewis LAU at telephone number 2398 5405.
(Miss Ivy TAM)
for Director-General of Trade and Industry
Note: While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same.