CV: China, Korea, Indonesia Coated Free Sheet Paper
The International Trade Administration (ITA) has made preliminary affirmative determinations that countervailable subsidies are being provided to producers and exporters of coated free paper from China1, Korea, and Indonesia.
As a result, the ITA states that it is directing U.S. Customs and Border Protection (CBP) to suspend liquidation of all entries of the subject merchandise from China, Korea, and Indonesia (except for those from companies with de minimis rates) with a time of entry on or after April 9, 2007.
The ITA states that it is also instructing CBP to require a cash deposit or a bond at the countervailing (CV) rates listed below (except for those companies with de minimis rates), for entries of subject merchandise from China, Korea, and Indonesia with a time of entry on or after April 9, 2007:
| Liquidation Suspended | Post Bond/Cash Deposit |
|---|---|
| Country/Company | CV Net Subsidy Rate |
| China | |
| Gold East Paper (Jiangsu) Co., Ltd. (Gold East) | 20.35% |
| Shandong Chenming Paper Holdings Ltd. (Chenming) | 10.90% |
| All Others | 18.16% |
| Korea | |
| EN Paper Mfg. Co., Ltd. (EN Paper) (formerly Shinho Paper Co., Ltd.) | (a) |
| Hansol Paper Co., Ltd. (Hansol) | 1.76% |
| Kyesung Paper Co., Ltd. (Kyesung), and affiliate Namhan Paper Co., Ltd. (Namhan) | (a) |
| Moorim Paper Co. Ltd. (Moorim) (formerly Shinmoorim Paper Mfg. Co., Ltd.), and affiliate Moorim SP | (a) |
| All Others | 1.76% |
| Indonesia | |
| PT. Pabrik Kertas Tjiwi Kimia Tbk. (TK)/ PT. Pindo Deli Pulp and Paper Mills (PD) | 21.24% |
| All Others | 21.24% |
(a) The ITA has preliminarily determined de minimis CV subsidy rates exist for EN Paper (0.08%), Kyesung (0.59%), and Moorim (0.04%). ITA sources have stated by phone that although the Federal Register notice contains cash deposit/bond instructions for these companies, they will not be subject to the cash deposit/bond requirement as their rates are de minimis. Sources state that a correction to the ITA's notice will be issued.
ITC to Make Final Injury Determinations Within 45 Days of ITA Final Determinations
The ITA states that if its final CV duty determinations are affirmative, the International Trade Commission (ITC) will make its final injury determinations within 45 days after the ITA makes its final determinations.
(See ITA notices for more information, including the scope of the investigation, programs determined to be countervailable, etc.)
(The ITA is also conducting an antidumping (AD) duty investigation on imports of coated free sheet paper from China, Indonesia, and Korea. See ITT's Online Archives or 03/20/07 news, 07032025, for BP summary of the postponement of the preliminary AD duty determinations.
See ITT's Online Archives or 11/28/06 news, 06112835, for BP summary of the initiation of the CV and AD duty investigations for subject merchandise from China, Korea, and Indonesia.)
1The ITA has preliminarily determined the CV duty law can be applied to imports from China. The Commerce Department has previously stated that China's economy has developed to the point that the U.S. can add CV duty law as another trade remedy tool. (See ITT's Online Archives or 04/06/07 news, 07040625, for BP summary of Commerce's announcement of its decision to apply CV duty law to China.)
| David Layton (China) | (202) 482-0371 |
| Maura Jeffords (Korea) | (202) 482-3146 |
| Sean Carey (Indonesia) | (202) 482-3964 |
ITA China notice (FR Pub 04/09/07) available athttp://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/2007/pdf/E7-6498.pdf
ITA Korea notice (FR Pub 04/09/07) available at http://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/2007/pdf/E7-6500.pdf
ITA Indonesia notice (FR Pub 04/09/07) available at http://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/2007/pdf/E7-6499.pdf