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THURSDAY, AUGUST 12, 1993
COURT OF INT'L TRADE'S DECISION ON SWEATER IMPORTS
INTERNATIONAL
COMMENTING ON THE U.S. COURT OF
TRADE'S DECISION YESTERDAY (WEDNESDAY) TO UPHOLD THE DETERMINATION OF THE INTERNATIONAL TRADE COMMISSION (ITC) THAT IMPORTS OF MAN-MADE FIBRE SWEATERS FROM HONG KONG, SOUTH KOREA AND TAIWAN DID NOT INJURE THE U.S. SWEATER INDUSTRY, THE ASSITANT DIRECTOR-GENERAL OF TRADE, MR PÉTER S T PANG, SAID TODAY: "THIS IS VERY GOOD NEWS FOR HONG KONG. 17
"IT REFLECTS THE SUBSTANTIAL EFFORT MADE BY THE HONG KONG SWEATER TRADE, IN CO-OPERATION WITH THE GOVERNMENT, TO DEFEND HONG KONG'S TRADE INTERESTS. IT BRINGS US ONE STEP CLOSER TO THE ABOLITION OF THE ANTI-DUMPING DUTY.'
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"THIS IS NOT THE END OP THE CASE YET,
HE ADDED. THE PETITIONER MAY TAKE THE CASE TO THE U.S. COURT OF APPEAL FOR THE FEDERAL CIRCUIT WITHIN 60 DAYS.
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MR PANG SAID IN THE MEANTIME, THE U.S. DEPARTMENT OF COMMERCE (DOC) WOULD CONTINUE ITS ANNUAL ADMINISTRATIVE REVIEW PROCEEDINGS.
HE SAID: "THE DOC IS EXPECTED TO ISSUE THE PRELIMINARY RESULTS F THE FIRST REVIEW ANY DAY NOW. BOTH THE HONG KONG GOVERNMENT AND THE SWEATER INDUSTRY WILL CONTINUE TO DEFEND OUR TRADING INTERESTS IF THE RESULTS ARE UNREASONABLE.
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IN SEPTEMBER 1990, DOC ISSUED AN ANTI-DUMPING ORDER REQUIRING U.S. IMPORTERS OF MAN-MADE FIBRE SWEATERS FROM HONG KONG то PAY
ANTI-DUMPING DUTY AT A RATE OF 5.86 PER CENT.
IN JULY 1992, THE U.S. COURT OF INTERNATIONAL TRADE (CIT) HANDED DOWN A RULING ON THE CONSOLIDATED APPEALS BROUGHT BY HONG KONG, TAIWAN AND SOUTH KOREA COMPANIES AGAINST ITC'S INJURY DETERMINATION,
THE CIT'S DECISION WAS THAT THE ITC'S INJURY DETERMINATION NOT SUPPORTED BY SUBSTANTIAL EVIDENCE OR OTHERWISE NOT ACCORDANCE WITH LAW.
WAS
THE ITC WAS MANDATED TO REVIEW THE INJURY DETERMINATION AND SUBSEQUENTLY REPORTED A "NO INJURY" DETERMINATION TO CIT IN 1992. CIT UPHELD THIS "NO INJURY" DETERMINATION YESTERDAY.
IN
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NOVEMBER
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