Peru Decides Not To Levy Countervailing Duty On US Cotton.

< p > Peru competition and intellectual property protection (INDECOPI) National Defense Research Institute has announced that there is no need to implement countervailing measures to import cotton in the United States, because the damage caused by domestic a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > is caused by other reasons, not from cotton imported from the United States. < /p >
< p > according to the statement issued by INDECOPI, after a thorough and thorough investigation, the INDECOPI anti dumping and subsidy (CFD) committee concluded that according to the WTO agreement, the legal requirements were not met, that is, the anti dumping measures against imported cotton in the United States were not applicable. < /p >
< p > in accordance with the WTO agreement, only after verification can the compensatory measures be implemented, that is, the import of a country's manufactured goods, whose price is subsidized by the government, which directly damages or affects the manufacture of the importing country's domestic industry or the same commodity. If the loss is caused by other factors rather than imports, countervailing measures can not be implemented. < /p >
< p > according to INDECOPI's investigation of US cotton imports, we found that Peru's domestic industry suffered substantial damage in the past 2006-2011 years. However, the conclusion is that the damage is not due to the US government's subsidy to cotton imports, but rather other factors, such as the depreciation of the US dollar and the abolition of tariffs in 2009. < /p >
< p > in accordance with the agreements and international commitments made by Peru, as a result of this conclusion, INDECOPI has officially completed the investigation which began in June 2012 to meet the continuity of regulatory role and ensure the normal operation of the market without distortion. < /p >
In August 2013, INDECOPI recommended that 10% of the US cotton imports be subject to a countervailing duty and anti-dumping measures against China's a target= "_blank" href= "//www.sjfzxm.com/" > clothing > /a > imports, because domestic clothing producers and cotton producers were adversely affected by these imports. < /p >
< p > however, the Peru Exporters Association (ADEX), the association of industrial nations (SNI) and the Peru Foreign Trade Association (ComexPeru) oppose these measures. They say that the countervailing duty on imports of US cotton will affect Peru's clothing export as well as the trade and tariff policies of "a href=" //www.sjfzxm.com/ news/index_p.asp "Peru" /a. < /p >