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ITC review defuses U.S.-EC antidumping dispute.

A potentially serious trade dispute between the United States and the European Community over antidumping duties imposed on EC steel products was averted when the U.S. International Trade Commission (ITC) overturned many of the duties that were imposed by the U.S. Department of Commerce (see "Antidumping Duties on EC Steel Products Draw Criticism," JofA, Oct.93, page 21).

The ITC rulings cut in half the volume of EC steel exports subject to the antidumping duties. Some duties still are prohibitive and may result in the exclusion of certain EC steel products from U.S. markets, but others are low enough to allow for more normal trade. Pending a study of the ITC rulings, the EC reserved the light to retain the General Agreement on Tariffs and Trade dispute-settlement panel that is investigating the matter.
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Title Annotation:International Trade Commission
Publication:Journal of Accountancy
Article Type:Brief Article
Date:Dec 1, 1993
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