Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* U.S. terminates anti-dumping investigations on rubber products from Sri Lanka
Mon, Mar 19, 2018, 07:38 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 19, Washington, DC: The United States International Trade Commission (USITC) has decided to terminate the Antidumping and Countervailing Duty investigations on imports of rubber bands from Sri Lanka.

U.S. Department of Commerce Initiated Antidumping Duty (AD) and Countervailing Duty (CVD) Investigations of imports of rubber bands from China, Sri Lanka and Thailand on 22 February 2018 based on petitions filed by Alliance Rubber Company on January 30, 2018.

In the AD investigations, Department of Commerce was to determine whether imports of rubber bands from China, Sri Lanka, and Thailand are being dumped in the U.S. market at less than fair value and in the CVD investigations, Commerce will determine whether Chinese, Sri Lankan, and Thai producers of rubber bands were receiving government subsidies.

The alleged dumping margins ranged 56.54 percent to 133.13 percent for Sri Lanka and there were 20 subsidy programs alleged for Sri Lanka.

The USITC on March 15 determined that imports of rubber bands from Sri Lanka are negligible.

Chairman Rhonda K. Schmidtlein, Vice Chairman David S. Johanson, and Commissioners Irving A. Williamson and Meredith M. Broadbent voted in the affirmative with respect to China and Thailand and made a finding of negligibility with respect to Sri Lanka.

As a result of the Commission's finding of negligibility, the investigation concerning Sri Lanka will be terminated, the USITC announced.

In 2017, imports of rubber bands from Sri Lanka were valued at an estimated $2 million.


ColomboPage - Recent 10 Stories ::
PMD dispels false reports on President's official CHOGM delegation
Sri Lanka Army to build first ever Vesak pandal in Malaysia
Water released to Kaudulla Reservoir for Yala cultivations in Polonnaruwa
Sri Lankan couple smuggling Rs. 9 mn worth gold to India nabbed at airport
A new agreement to continue Sri Lanka's national government - Minister Amaraweera
Large scale Kerala Cannabis dealer arrested in Galewela
A new full cabinet will be sworn in next week - Minister Rajitha
Sri Lanka trade mission visits UAE to promote domestic tourism
Hatch Kalam: The first maker and co-worker space in Jaffna
Senior Laboratory Manager of Horana rubber factory arrested over deaths in ammonia tank

Copyright © 2000, 2016 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.