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EC COMMISSION REACTS TO DEFINITIVE DUTIES ON EC STEEL EXPORTS TO U.S.

 WASHINGTON, June 22 /PRNewswire/ -- The European Community Information Service issued the following:
 The U.S. Department of Commerce (DOC) announced today its final determination of anti-dumping and countervailing duties on imports of flat-rolled steel products. This definitive decision confirms, and in some cases severely increases, the very high preliminary duties already imposed on imports from the European Community. The products affected amount to some 1.9 million metric tons of flat-rolled steel with a value of about $815 million. The definitive imposition of these duties is still subject to a final ruling by the U.S. International Trade Commission (ITC) that imports have materially injured the US steel industry. This ruling is expect by Aug. 4, 1993.
 Reacting to the announcement by the DOC, Sir Leon Brittan, EC commissioner for external economic affairs, stated:
 It is simply unacceptable that steel imports from the European Community and 13 other countries should be used as a whipping boy for problems arising largely from domestic competition within the United States. EC exporters voluntarily restrained their exports to the U.S. for 10 years, to the considerable advantage of their American competitors, on the clear understanding that this would settle any question of duties or injury covering that period. American firms are now trying to claim for the second time advantages that they have already reaped.
 At the Community's request, the GATT has already set up a dispute settlement panel to investigate the methodology used by the United States to impose countervailing duties. The Community does not exclude the possibility of challenging other anti-dumping and countervailing issues involved in these cases, and in particular the question of injury, should the ITC come to a positive injury determination.
 It really is time the U.S. started talking seriously about a balanced multilateral solution to the problems facing the world steel industry. I am willing to explore with my U.S. counterparts all serious proposals to resolve this issue and move closer to a Multilateral Steel Agreement. That is the way to prevent such disputes in future. It would form an important part of the Uruguay Round settlement.
 -0- 6/22/93
 /CONTACT: Pedro Marin, 202-862-9523, or Ella Krucoff, 202-862-9540, both of the European Community Information Service/


CO: European Community Information Service ST: District of Columbia IN: MNG SU:

MH -- DC013 -- 4660 06/22/93 15:35 EDT
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Date:Jun 22, 1993
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