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FOR IMMEDIATE RELEASE Contact: George Felcyn
February 5, 2009 Bracewell & Giuliani LLP
  Tel. 202-828-1715
george.felcyn@bgllp.com


CITAC URGES IMMEDIATE END TO ZEROING AS
WTO RULES AGAINST ITS USE FOR SEVENTH TIME

Washington, DC – The Consuming Industries Trade Action Coalition (CITAC) today called for the Obama Administration to end the use of “zeroing” in antidumping cases following the World Trade Organization (WTO) latest decision that use of the controversial methodology runs contrary to U.S. WTO obligations. This marks the seventh time the WTO has definitively ruled against the U.S. use of zeroing.

“This WTO Appellate Body ruling unequivocally states that the continued use of zeroing by the U.S. government in dozens of cases involving imports from the European Union violates the WTO Antidumping Agreement and the General Agreement on Tariffs and Trade (GATT),” said CITAC General Counsel Lewis Leibowitz.

“At a time when policymakers are searching for solutions to stimulate the economy, there is simply no justification for our government's continued use of a dumping methodology that adds to U.S. manufacturers' burdens," said CITAC Executive Director Jon Wadsworth. "Soon our trading partners will have full authority to penalize millions of dollars of U.S. exports via retaliatory tariffs, placing thousands of jobs at risk. On top of that, U.S. manufacturers selling here and abroad are made less competitive by the artificially inflated dumping duties placed on vital inputs by the use of zeroing."

Zeroing artificially inflates dumping margins by disregarding “negative” dumping comparisons (where the U.S. sales price exceeds the foreign “normal value”) when calculating an aggregate dumping margin for a product. In effect, the negative comparisons are treated as though they were equal to zero. The resulting antidumping duties overtax American consumers by inflating the duties and thus domestic market prices.

 


For additional information, visit www.citac.info or contact George Felcyn at (202) 828-1715 or george.felcyn@bgllp.com.

 

 

 

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