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

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 ::
Sri Lanka will face the global economic crisis successfully - PM
-- [14 minutes ago]
Minister Malik Samarawickrama leads high powered delegation to promote investment and exports in Germany
-- [1 hour and 54 minutes ago]
Sri Lanka's Constitutional Council's term ends
-- [9 hours ago]
Two suspects including a saffron-robed arrested for attempting to sell a Valampuri conch shell
-- [9 hours ago]
Sri Lankan President to leave for US today to attend UN General Assembly
Sri Lankan Marine biologist, Asha de Vos Global winner of Study UK Alumni Awards 2018
Sri Lanka Finance Minister says depreciation of rupee not an indicator of fall in economy
Sri Lanka nationwide inflation declines to 2.5 percent in August 2018
Free unlimited medical consultations now on Sri Lanka's meditech app oDoc
Number of chronic kidney disease patients in Sri Lanka are decreasing, President says

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, 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 LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.