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U.S. finds no violation of anti-subsidy rules by Taiwan exporters

U.S. finds no violation of anti-subsidy rules by Taiwan exporters

Taipei, May 16 (CNA) The U.S. Department of Commerce (DOC) has found that Taiwan's steel nail exporters have not been violating U.S. anti-subsidy rules, the Ministry of Economic Affairs (MOEA) said Saturday. In a final decision issued Wednesday, the DOC upheld a preliminary ruling that said Taiwanese steel nail firms had been abiding by U.S. anti-subsidy regulations, according to the ministry. However, in the final ruling, the DOC said Taiwanese steel nail exporters had been selling their products at unfairly low prices in the U.S. market, and it imposed anti-dumping tariffs of up to 2.24 percent on the companies, the MOEA added. In May 2014, the U.S. government began investigating the anti-subsidy matter after U.S.-based Mid Continent Steel & Wire Inc. filed a complaint with the DOC and the International Trade Commission (ITC) of the U.S., seeking anti-dumping and anti-subsidy duties on imports of steel nails from Taiwan and other countries. In its ruling, the DOC imposed anti-subsidy tariffs ranging from 288.56 percent to 313.97 percent on Vietnamese steel nail firms, the MOEA said. The DOC also ruled that South Korean steel nail exporters will be subject to up to 11.8 percent anti-dumping duties, Malaysian companies 2.61 percent to 39.5 percent, Oman firms 9.1 percent, and Vietnamese exporters 323.99 percent, according to the MOEA. The ministry said that on June 27, the USITC will issue its own final ruling on whether those foreign steel nail exporters had hurt the U.S. market and should pay the fines. According to U.S. statistics, Taiwan exported US$80.83 million worth of steel nails to the U.S. in 2011, US$113.73 million in 2012, US$99.45 million in 2013, and US$102.96 million in 2014. (By Huang Chiao-wen and Frances Huang)


Updated : 2021-09-17 19:24 GMT+08:00