Washington-The U.S. Department of Commerce (DOC) recently issued its final determination in a countervailing duty investigation of certain potassium phosphate salts from the People’s Republic of China (PRC). The DOC concluded that, based on a period of investigation from Jan. 1, 2008, through Dec. 31, 2008, countervailable subsidies are being provided to producers and exporters of the subject merchandise from the PRC. The DOC also determined that, based on a period of investigation from Jan. 1 through June 30, 2009, salts from the PRC are being or are likely to be sold in the U.S. at less than fair market value. The investigation determined a subsidy rate of 109.11 percent ad valorem for PRC producer/exporters, and percentage weighted-average margins of 69.58 percent and 95.4 percent. As a result, the DOC has directed the U.S. Customs and Border Protection (CBP) agency to suspend liquidation of all imports of the subject merchandise entered into or withdrawn from warehouses on or after March 16, 2010. The DOC said it is also instructing CBP to continue to require a cash deposit or the posting of a bond for all companies based on the estimated weighted-average dumping margins. The suspension of liquidation instructions will remain in effect until further notice. The U.S. International Trade Commission is scheduled to issue its final injury determination on or before July 8, 2010.
Transparency Across the Fertilizer Value-Chain