The Bill seeks to reform and repeal the Countervailing Duties
Ordinance, 2001 (I of 2001).
The imposition of countervailing duties
to offset the effect of foreign subsidies was first authorized in the United States in 1890 for one specific product--beet sugar, (22) and was soon made generally available, under the Tariff Act of 1897, for all products that benefited from foreign subsidies aimed at encouraging exports.
Additionally, the Council has decided to retroactively extend, to 13 August 2010, the definitive anti-dumping and countervailing duties
to all imports of US biodiesel blends below the 20% threshold.
right to impose anti-dumping duties (response to unfair prices) and countervailing duties
(response to government subsidies).
law permits countervailing duties
to be imposed only if a foreign supplier is benefiting from subsidies and U.
The Mexican decision to impose the countervailing duties
prompted the US government to file a complaint with the WTO in 2003, taking issue with the statistics and the formula used by the Mexican government to calculate prices (see SourceMex, 2003-07-02).
authorities stand to benefit not only from the imposition of anti-dumping and countervailing duties
on competing imports, but also from direct payments from the U.
antidumping and countervailing duties
and the subsequent high cost of exporting lumber to the United States.
counteract subsidies by national authorities that unfairly enable their companies to export at a lower price.
This should bring Jamaica into compliance with its Uruguay Round commitments on anti-dumping and subsidies and countervailing duties
If the department issues a preliminary ruling upholding the charge, countervailing duties
will be imposed on the imports.
As a result of local economic or political pressures exerted by competitors in some foreign markets, Canadian companies occasionally face protectionist levies in the form of dumping duties, countervailing duties
, and "other" import surcharges.