U.S. Department of Commerce established a preliminary countervailing duty for hardwood plywood products from China

U.S. Department of Commerce (DOC) on April 18, 2017 announced its affirmative preliminary determination in the countervailing duty (CVD) investigation of imports of hardwood plywood products from China. The department established a preliminary subsidy rate of 9.89% for all other producers/exporters in China.

According to the announcement, DOC calculated preliminary subsidy rates of 9.89% and 111.09% for mandatory
respondents Linyi Sanfortune Wood and Shandong Dongfang Bayley Wood, respectively. Shandong Dongfang Bayley Wood’s subsidy rate of 111.09% was based on adverse facts available because the department found that it had not cooperated to the best of its ability.

The 62 companies that did not respond to DOC’s quantity and value questionnaire also received a subsidy rate of 111.09%.

U.S. Department of Commerce is scheduled to announce its final determination on or about July 5, 2017, unless the statutory deadline is extended.

As a result of the preliminary affirmative determination, Commerce will instruct U.S. Customs and Border Protection (CBP) to require cash deposits based on these preliminary rates.

In 2016, imports of hardwood plywood from China were valued at an estimated USD 1.12 billion.

The petitioners were the Coalition for Fair Trade in Hardwood Plywood and its individual members: Columbia Forest Products, Commonwealth Plywood, Murphy Plywood, Roseburg Forest Products, States Industries and Timber Products Company.

Earlier U.S. Department of Commerce initiated of a new antidumping duty (AD) investigation of imports of carton-closing staples from China.

Source: Woodbizforum