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GAO-05-474 U.S.-China Trade: Commerce Faces Practical and Legal Challenges in Applying Countervailing Duties
GAO-05-1056 U.S.-China Trade: The United States Has Not Restricted Imports under the China Safeguard
GAO-05-53 U.S.-China Trade: Opportunities to Improve U.S. Government Efforts to Ensure China's Compliance with World Trade Organization Commitments
Some U.S. companies allege that unfair subsidies are a factor in China's success in U.S. markets. U.S. producers injured by subsidized imports may normally seek countervailing duties (CVD), but the United States does not apply CVDs against countries, including China, that the Department of Commerce classifies as "non-market economies" (NME). In this testimony, which is based on a June 2005 report (GAO-05-474), GAO (1) describes the options for applying CVDs to China, (2) the challenges that would arise, and (3) examines the likely results of applying CVDs on Chinese products.
U.S. companies adversely affected by unfair imports may seek antidumping (AD) duties. China is classified as a non-market economy (NME) & a special methodology is used that is believed to produce AD duty rates that are higher than those applied to market economies. In light of increased concern about China's trade practices, a review was conducted by efforts of U.S. gov't. agencies responsible for ensuring free & fair trade with China. This report: (1) explains the NME methodology; (2) analyzes AD duties applied to China & compares them with duties applied to market economies; & (3) explains circumstances in which the U.S. would stop applying its NME methodology to China & evaluates the potential impact of such a step. Charts & tables.

H.R. 1229

United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade

Published: 2011

Total Pages: 80


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