WEDNESDAY, NOVEMBER 18, 1992
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COURT OF INT'L TRADE'S REMAND ORDER ON INJURY FINDINGS
*
COMMISSION
(ITC)
KONG,
COMMENTING ON THE U.S. INTERNATIONAL TRADE DETERMINATION THAT IMPORTS OF MAN-MADE FIBRE SWEATERS FROM HONG SOUTH KOREA AND TAIWAN DID NOT INJURE THE U.S. SWEATERS INDUSTRY, THE DIRECTOR-GENERAL OF TRADE, MR DONALD TSANG, SAID TODAY (WEDNESDAY); "THIS IS EXCELLENT NEWS FOR HONG KONG."
"IT IS THE RESULT OF THE DETERMINED FIGHT PUT UP BY THE HONG KONG SWEATER TRADE, IN CO-OPERATION WITH THE GOVERNMENT. OUR RESOLVE IN DEFENDING HONG KONG'S TRADE INTERESTS IS VINDICATED.
HONG KONG IS A MOST UNLIKELY SOURCE OF DUMPING GIVEN ITS OPEN MARKET, THE TOTAL ABSENCE OF GOVERNMENT SUBSIDY AND THE LARGE NUMBER OF RELATIVELY SMALL FIRMS OPERATING IN A COMPETITIVE ENVIRONMENT, MR TSANG SAID.
"THIS IS NOT THE END OF THE CASE YET. IT MIGHT HAVE TO GO BEFORE THE U.S. COURT OF APPEAL FOR THE FEDERAL CIRCUIT (CAFC).
"WE VERY MUCH HOPE THAT THE ITC'S DECISION WILL BE UPHELD. BOTH THE HONG KONG GOVERNMENT AND THE SWEATER INDUSTRY WILL OF COURSE CONTINUE TO DEFEND OUR TRADING INTERESTS VIGOROUSLY, HE SAID.
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ON JULY 28 THIS YEAR, THE U.S. COURT OF INTERNATIONAL TRADE (CIT) HANDED DOWN A RULING ON THE CONSOLIDATED APPEALS BROUGHT BY HONG KONG, TAIWAN AND SOUTH KOREAN COMPANIES AGAINST ITC'S INJURY DETERMINATION.
WAS
THE CIT'S DECISION WAS THAT THE ITC'S INJURY DETERMINATION NOT SUPPORTED BY SUBSTANTIAL EVIDENCE OR OTHERWISE NOT IN ACCORDANCE WITH LAW.
THE ITC WAS DIRECTED TO REPORT ITS NEW DETERMINATION TO CIT NOVEMBER 23, 1992.
BY
THEREAFTER, PARTIES TO THE CASE HAVE 10 DAYS TO COMMENT ON THE
ITC'S NEW DETERMINATION.
ITC'S NEW
DETERMINATION, THE PETITIONER (THE U.S. NATIONAL KNITWEAR AND SPORTWEAR ASSOCIATION) MAY TAKE THE
IF THE CIT ACCEPTS
CASE TO THE CAFC.
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