ITA Fact Sheet on Preliminary CV Rates for China Aluminum Extrusions
The International Trade Administration has issued a fact sheet announcing its affirmative preliminary determination in the countervailing duty investigation of aluminum extrusions from China.
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As a result of this preliminary determination, the ITA will instruct U.S. Customs and Border Protection to collect a cash deposit or bond based on the preliminary CV duty rates below.
Preliminary CV Rates Range from 6.18% to 137.65%
The ITA preliminarily determined that Chinese exporters of aluminum extrusions have received countervailable subsidies ranging from 6.18% to 137.65%
As mandatory respondents Liaoyang Zhongwang Aluminum Profile Co. Ltd./Liaoning Zhongwang Group (collectively, the Zhongwang Group Companies), Miland Luck Ltd., and Dragonluxe Limited, did not respond to the ITA’s request for information, each will receive a preliminary adverse facts available (AFA) CV duty rate of 137.65%.
Two voluntary respondents, Guang Ya Aluminum Industries Co., Ltd., Foshan Guangcheng Aluminum Co., Ltd., Guang Ya Aluminum Industries (Hong Kong) Ltd., Kong Ah International Company Limited, and Yongji Guanghai Aluminum Industry Co., Ltd. (collectively, the Guang Ya Companies); and Zhaoqing New Zhongya Aluminum Co., Ltd., Zhongya Shaped Aluminum HK Holding Ltd, and Karlton Aluminum Company Ltd. (collectively, the Zhongya Companies), will receive preliminary CV duty rates of 6.18% and 10.37%, respectively.
All other Chinese producers/exporters will receive a preliminary CV duty rate of 137.65%.
Final CV Determination Scheduled for November 2010
The ITA is currently scheduled to make its final CV duty determination in November 2010.
ITA Determined Not to Investigate Alleged Currency Undervaluation
Additionally, the CV petition included an allegation that undervaluation of the Chinese currency, the renminbi (RMB), confers a countervailable subsidy. However, the ITA has determined not to investigate the alleged undervaluation as a countervailable subsidy because the petitioners’ allegation did not meet the statutory standard for initiating an investigation.
(See ITT’s Online Archives or 07/09/10 news, 10070915, for BP summary of a Senator Grassley’s statement urging the Administration to bring a case against China’s currency manipulation at the World Trade Organization.
See ITT’s Online Archives or 04/27/10 news, 10042716, for BP summary of the ITA’s initiation of this CV duty investigation and the companion antidumping duty investigation.
See ITT’s Online Archives or 06/21/10 news, 10062173, for BP summary of the postponement of this preliminary CV determination.)
(Fact sheet posted 08/31/10, ITA Case No. C-570-968)
The memorandum on the currency undervaluation allegation is available here.
The draft version of the FR notice is available here.