WASHINGTON (CN) - The International Trade Administration is changing the way it calculates anti-dumping duties applied to imported commodities to conform to World Trade Organization standards.
Currently, the ITA's Import Administration usually compares transaction-specific export prices and average normal values when setting duties and does not offset the amount of dumping found where those prices exceed normal values.
Several WTO members challenged this method, which results in higher duties being imposed than if the agency offset the difference of normal prices and higher than normal prices.
The WTO's Appellate Body, which adjudicates disputes between members, found that the U.S. method violated the General Agreement on Tariffs and Trade, which serves as a guide for setting anti-dumping duties.
The agency now will compare monthly weighted-average export prices with monthly weighted-average normal values, and will grant an offset where the export price exceeds normal value in the calculation of the weighted-average margin of dumping and anti-dumping duty assessment rates.
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