U.S. lowers anti-subsidies investigation standard
2020-02-13 16:32:54 [Print]
On 10 February, the U.S. trade representative's office released a notice and decided to narrow the list of developing economies, which enables the U.S. government to launch anti-subsidies investigation and impose punitive tariffs in an easier way in future.
The latest list of developing economies released by the United States removes more than 20 economies, such as China, India, Brazil, Argentina, South Africa, Malaysia, Indonesia, Thailand and Vietnam.
The U.S. trade representative's office released the notice on Federal Register on 10 February, noting that anti-subsidies investigation should be terminated on subsidies lower than 1% of product value, which are usually considered as de minimis subsidies and softened to 2% for developing economies and the least developed economies in accordance with relevant WTO rules and U.S Anti-subsidy Law. The U.S. Congress authorizes U.S. trade representative to identify and confirm qualified WTO members.
According to the notice, the U.S. trade representative released the list of developing economies and the least developed economies for U.S. anti-subsidies investigation in 1998, which is outdated now. Therefore, the United States will decide whether the de minimis subsidy of 2% is still applicable to some economies based on economic development level (on the basis of GNI per capita), share of global trade and other factors.
The latest list of developing economies released by the United States removes more than 20 economies, such as China, India, Brazil, Argentina, South Africa, Malaysia, Indonesia, Thailand and Vietnam.
The U.S. trade representative's office released the notice on Federal Register on 10 February, noting that anti-subsidies investigation should be terminated on subsidies lower than 1% of product value, which are usually considered as de minimis subsidies and softened to 2% for developing economies and the least developed economies in accordance with relevant WTO rules and U.S Anti-subsidy Law. The U.S. Congress authorizes U.S. trade representative to identify and confirm qualified WTO members.
According to the notice, the U.S. trade representative released the list of developing economies and the least developed economies for U.S. anti-subsidies investigation in 1998, which is outdated now. Therefore, the United States will decide whether the de minimis subsidy of 2% is still applicable to some economies based on economic development level (on the basis of GNI per capita), share of global trade and other factors.
Bauxite 60%min, Al/Si 5.0, Ex-VAT Delivered China
Unit:RMB/mt
China primary aluminum producers' inventory to production ratio statistics by province by month
Unit: %
