PRESS RELEASE
FOR IMMEDIATE RELEASE
ITC Advances Color Television Probe
(Washington, DC) (June 16, 2003) -- An unfair trade case investigating imports of color televisions (CTVs) from the Peoples Republic of China and Malaysia took an important step forward today with the preliminary determination by the International Trade Commission (ITC) that there is a reasonable indication of injury to the domestic industry from imports sold in the U.S. at less than fair value.
The casefiled in May by a Tennessee color television manufacturer and two unionsrequests antidumping duties ranging up to 84% on CTVs from China, the worlds largest producer of the product, and up to 46% on CTVs from Malaysia. The petitioners presented evidence that total CTV imports from both countries between 2000 and 2002 skyrocketed from 209,887 units in 2000 to 2,656,456 units in 2002, an explosive 1,166%.
The ITC unanimous vote sets the stage for an investigation by the Department of Commerce into the alleged antidumping margins. Preliminary antidumping duty margins are scheduled to be announced in October 2003. At that point, importers will be required to post a bond or cash deposit in the amount of the margins.
The petitioners are Five Rivers Electronic Innovations, LLC, Greeneville, Tennessee; the International Brotherhood of Electrical Workers (IBEW); and the Industrial Division of the Communication Workers of America (IUE-CWA). David A. Hartquist and Laurence J.Lasoff, international trade attorneys with the Washington, DC law firm Collier Shannon Scott, PLLC, serve as co-counsel to the petitioners.
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