Countervailing duties definition

Countervailing duties are imposed in cases where an enterprise abroad is subsidized by its government and encouraged to market its products internationally.
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Countervailing duties. ’ means countervailing duties imposed under section 701 of the Tariff Act of 1930 (19 U.S.C. 1671).
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Countervailing duties. Both NAFTA and WTO panels found the final determination of the USDOC in the investigation questionable. The NAFTA panel stated that the cross-border stumpage price comparison methodology used to determine the country-wide 18.79% rate was contrary to U.S. law. On January 12, 2004, the USDOC issued a first remand determination, applying a methodology based on log prices within each province for determining whether a benefit was conferred by provincial stumpage programs. The CVD deposit rate was recalculated to 13.23%, which rate would have taken effect once the appeal was concluded. However, this first remand determination was challenged by both Canadian and United States parties. On June 7, 2004, the NAFTA panel issued a decision ordering the USDOC to make further changes in its calculations. On July 30, 2004, the USDOC released a second remand determination, which, if confirmed, would have lowered the Canada-wide CVD rate to 7.82%. The revised 7.82% rate also was challenged before the NAFTA panel. On December 1, 2004, the NAFTA panel found numerous technical elements in the revised USDOC calculations to be flawed, and ordered USDOC to make new corrections. On January 24, 2005, the USDOC released its third remand determination, with a country-wide rate of 1.88%. Further challenges to this calculation have been filed with the NAFTA panel, contending that the USDOC did not comply with all of the panel's instructions. If corrections result in a subsidy rate below 1.00%, under U.S. law, such a low rate is considered to be a DE MINIMIS level, and would result in the case being dismissed. For the same reasons as in the AD case, assuming the subsidy rate remains above 1.00%, the precise rate as determined in the appeal of the original investigations no longer is of any practical significance to the Company, as it will have been superseded as of December 20, 2004 by the new deposit rate determined in the first review in the CVD case, discussed below.
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Examples of Countervailing duties in a sentence

  • Countervailing duties may only be imposed pursuant to investigations initiated37 and conducted in accordance with the provisions of this Agreement and the Agreement on Agriculture.

  • Countervailing duties may only be imposed pursuant to investigations initiated5 and conducted in accordance with the provisions of this Article.

  • Countervailing duties shall be imposed after a proposal to hold consultations has been made to an exporting country granting a specific subsidy, however, the country refused from such consultations or no mutually acceptable decision has been reached during such consultations.

  • The Parties agree to the applicability of the WTO Agreement on Subsidies and Countervailing duties and establish additional notification and consultation requirements.

  • Countervailing duties may only be imposed pursuant to investigations initiated 5 and conducted in accordance with the provisions of this Article.

  • The Parties reaffirm their rights and obligations under the WTO Agreement on Subsidies and Countervailing duties and establish additional notification and consultation requirements.

  • Countervailing duties may only be imposed 35 The provisions of Part II or III may be invoked in parallel with the provisions of Part V; however, with regard to the effects of a particular subsidy in the domestic market of the importing Member, only one form of relief (either a countervailing duty, if the requirements of Part V are met, or a countermeasure under Articles 4 or 7) shall be available.

  • Countervailing duties may only be imposed pursuant to investigations initiated195 and conducted in accordance with the provisions of this Agreement and the Agreement on Agriculture.

  • Measure at issue: Countervailing duties on olive oil from the European Communities.